Buy vs Lease

Without knowing anything about your financials and overall goals, it's a tough questions to answer. If you'd like a no-strings (free) consultation. Feel free to contact me.

Have you looked at the "buy vs. lease" model on the NY Times Real Estate section? I found it helpful.

If you can afford it... Buy it! for MANY MANY reasons which can't be described with words.

Agree w/ jelj13. Try the NYT buy vs rent model. You enter in your purchase costs, time frame, tax rate, etc and it will tell you what comparable rent would make you agnostic. Lower rent, you rent. Higher rent, you buy.

If you have good financials and a stable job I would try to buy. Another thing to consider is family. If you have a family with children, there could be a VERY big difference in the school districts when buying vs renting.

If there is even a small possibility that your finances will change or you will have to move before 2 years I would reconsider. It can often take up to 6months to finalize a sale. If you can't afford 2ren'ts/ mortgages I would be very careful.

All things set aside prices will probably be higher in 2 yrs

everything that cc2015 said is what I would strongly agree on before buying... But I just assumed those were all too obvious to mention.

First decide if you’re planing to live in house for 2 or 5 years. It’s quite a big difference. Many real estate professional don’t advise to buy a property if you’re going to live in it less then 5 years. And I agree with them.