Re: Saving for Downpayments
Kashi,
I would also run some numbers on how much renting vs buying is going to cost you with taxes and pmi built on in. It may not be that much of a difference. You can always bring in a roommate. I look at rents around here for a 2 bedroom in Boston area and they are going for $1100 a month. My mortgage is $1300 including taxes. However I did buy before the housing boom.
One of my younger sister friends-single girl 26 just bought a condo and will be getting a roommate that will be paying probably about 1/2 the mortgage costs. I told her that she should have atleast 6 months of that "rent" in savings just in case a roommate flakes out. You never know that could happen.
Can you get a second job to help get down payment? Just for a few months.
Good luck! Such an exciting time.
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