Renting Vs. Buying
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|Sun, 09-30-2012 - 11:34am|
Where I live right now I am seeing co ops and condos coming way down in price.. Yes; some have high fees and some look okay.. I am seeing co ops at prices of 65,000 or lower with lots included and low fees.. Landlords are charging 900 and above around here for one bedrooms ...or studios..well? actually a decent apt. is like l,200 with not much included..
I dont have a job but some income and investments and thinking?? Is it cheaper to rent or buy a co op right now?? I could get a co signer or someone to help me get a mortgage.
Is it risky to buy something now and try to find a job or wait again for the job and then see if the real estate market stays low.. I am at my wits end and cant live another minute where I am and keep thinking this might be the way to go. Only thing the job market is also bad and there would be no guarantess and of course then I am stuck with this..
Any suggestions?? Insight? Advice?