11-07-2006, 11:20 AM
HAULN-SS Wrote:I'm definately not opposed to purchasing, but I fgured I wouldnt qualify for that unless it was like a lease to own type situation. Does a fresh out of college first time home buyer with virtually nothing down even stand a chance of buying something?
Buy a House, any kind of house. You can get 100% financed no problem, you'll probably get approved for 2x the amount you could actually make payments on. I doubt your monthly payments will be much higher than renting and you will get your $$$ back when you sell it, and you won't be locked into a 1yr contract to live there. You won't share multiple walls with other creeps (well, unless you go townhouse).
I rented for 1.5yrs after getting my job and it was the dumbest thing I'd ever done.