Since the election I’ve kinda buried my head in the sand to try and stay sane, so I’m not sure what projections are looking like for the real estate market. Unfortunately I need to move pretty ASAP and I’m having the worst luck with rentals.
So, anyone have any advice or an idea of the outlook in the next few months?
How long will you live there? Generally 7 years is a good rule of thumb for rent vs buy. Selling is more hasstle and expense. 7 years of no rent increases (read inflation, and your raises) and some principal paydown mean typically your have done better. However that is a guess. Sometimes even one year is better to buy, sometimes 15 years is needed (new roof and other major evpenses) just to break even.