11-07-2006, 11:33 AM
.RJ Wrote:white_2kgt Wrote:I doubt your monthly payments will be much higher than renting
You can rent for $600-800/mo easily. Even 20 year old 2br condos in reston sell for almost $300k.... Reason #1 why I have no interest in buying here.
While it is true you might not be able to buy a house in the same area that you can RENT, you are still better off sinking your $$$ into a house. Is that 6-800 for the entire place, no roommates? I doubt it. So buy a house and get a roommate, problem solved, a 300k house, given the right person doing the financing could only run you $1500, or less.
There is NO argument for renting, unless you just HAVE to live in the middle of a city and not 15-20 minutes outside of it.