The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home


Subject:  Re: When can I qualify for a loan? Date:  4/23/2013  8:30 PM
Author:  foo1bar Number:  125113 of 128887

when I just made $335,000 selling MY starter home?
If I had bought within 3 months after college instead of ~3 years, I would have probably made ~$100K (after taking into account selling costs, etc)
BUT I don't regret at all that I waited and rented. I could have just as easily have lost $100K in market value in those 3 years too. And it gave me plenty of time to learn about the various cities, school districts, neighborhoods. And I enjoyed going to open houses on the weekends - looking at places and getting ideas for what I liked or didn't. I was planning on waiting a while longer, but I encountered a place I could buy for as cheap (or cheaper than) renting. So at that point I moved quickly to make a purchase.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us