Hi, my SO and I rent an apartment for $1,500 per month. I am of the opinion buying a home is better than renting, because you gain equity and collateral rather than not gaining “anything” by renting. We have an idea to live in the area for about two more years until we both get our professional engineer certifications.
Is it wise to buy a $250k house just to move in 2 years?
My hope is to use that home as a rental property but likely it would have to be sold as we wouldn’t have enough down payment to purchase another house at 20%.
I think it’d be worth it, but am I missing something? I used the Nerdwallet renting vs buying calculator.
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source https://www.reddit.com/r/RealEstate/comments/gua0xx/is_it_wise_to_buy_a_house_to_only_live_there_for/
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