Question about down payment

Why would you buy now if you know you are going to move? You really need to factor in buying and the cost to get out in this calculation before worrying about how much you should put down.

Keep in mind to get out of this apartment you will need to pay some broker 6% and NYC/NYS transfer taxes. Your first 8-10% of hopeful appreciation is going to go towards fees to get out.

First where do you think the market will be in 8 years. Will we have a slight dip again before moving up, will you even have much of a gain to cover these costs or will you actually not even get back your original investment.

For instance i am in the process of buying a 3br. Was going to buy a 2br, but when we thought about 6-8 years out wanting to upgrade to a larger apartment, it made more sense financially to just buy the larger apartment now so that i do not need to move unless i want to.

But forgetting this and answering your original question. do you invest the money you are not using to buy the apartment? if you are averaging better then lets say the 5% you will pay in mortgage interest then it may be better to invest on your own and pay the interest which is deductible and won't really be costing you 5%.

Well I'm single and plannin to get one bedroom. Hopefully will get married and have kids and would need bigger place. Will love to have a second bedroom but would not be able to afford it. Thanks for info.