No. of Recommendations: 2
The one thing which gives me a little pause about buying is I do have a relatively short time horizon, perhaps around 4 1/2 years after purchase. (Then again, that's guessing what I'll want to do in 4 years, so things could change a lot.)

If you'll forgive me, I'm going to put my Mom hat on here. The above is exactly what concerns me most about your buying a house rather than renting. This is your first real job post degree, if I've read the thread correctly, and the options out there for you are close to limitless. Are you that much a homebody that you want to tie yourself down so quickly, potentially limiting your options? Of course, if you are good enough to get drafted by another company, it's probable they will give you a relocation package and even buy your house from you. I know many people who have done that over and over to the benefit of their nest egg.

Best of luck in your endeavors. Eldest is a college freshman majoring in computer science, spending the summer in his first internship, earning about $25/hour. What a major for today's student.

Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.