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Corn what changed your mind since you are having fees covered in selling and buying of a new home? It's a free transaction. We've done it before. But I'm not sure I'd do it now. But do you not see yourself staying in Dallas?
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Think smaller, go the condo route
I live in the LA basin, and the SFH might be tight, but a condo alternative might be a more effective plan of action. Yes, if I were you I would jump in, but at a much lower price point. The market in CA is pretty unmatched with most parts of the US, and most don’t get it. I purchased a condo and I’m about 200G, and no I didn’t put 20% down, shoot me. I had a VERY stable job with decent growth opportunities. It seems like your jobs are extremely stable and you have a decent level of emergency funds. Case in point, someone purcashed a 770 sf fixer for 415G in my building and sold it for 550G in 2 months. In essence, you can do the same, just something to consider. In LA, it all comes down to location and I’m either living on the West side or West of La Cienega off of Sunset, lol. A fixer could be you golden ticket and starter home in LA. It’s fine to take. FYI- if I waited to amass 20%, I would not be up 200G..just saying.Comment
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Sorry, I posted reply to the wrong subject.
My response was meant for a reply to the LA market.Comment
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Unsure at this point but it looks like rent vs mortgage is about the same per month as PITI.Originally posted by LivingAlmostLarge View PostComment
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Firstly it's better to rentComment
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Tom, can you please explain why you think its better to rent?Originally posted by tom_a View Postjames.c.hendrickson@gmail.com
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