Anonymous User wrote:Julio_El_Chavo wrote:The only reason to buy a house is if you want to live in a certain area for over 10-15 years. There's a high likelihood that you will have to find employment in a different area after a few years of biglaw, so I don't really know why you're set on buying.
This is a fair point, but renting is honestly a last resort. Having owned my own home for three years, I am not eager to move back into an apartment. This is a major metro area where rent is not any lower than a mortgage payment and houses come on and off the market with ease. If I do need to move, I'll have no issue selling (my current house, meh)
I rented for eight years before law school. That was enough. Shitty landlords, shitty roommates, shitty neighbors. I'm a hermit now, for better or worse.
Well, it's your life, man. Just think about the fact that the vast majority of your mortgage payments for the first five years on a 30-year go to paying interest only. Closing costs on your current home and on whatever home you buy for your first few years of biglaw will run you 20-80k depending on how expensive they are. I have a family too, but personally, I'd much rather rent an apartment, save the money and buy two new cars. Not to mention that you have to fix shit up or pay someone to fix it when it breaks. Also I'm sure you're familiar with the property taxes, insurance, etc. that you have to pay for. Seems like a lot of shit to worry about just so you can live far enough way from people that only LOUD stereo systems bug you at night.