Quote:
Originally Posted by Tanya Donaghy
I agree with Brandon... By your own calculations, if you rent you're going to be paying the same amount as if you paid for the condo at the price you are considering and just walked away. So, anything that you get back from it when you sell is a bonus. If you rent, you'll never get any of that back. Even if you have to sell it at a reduced rate, you're still getting something back. Even if it's not this property, I would still recommend buying...
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Quote:
Originally Posted by MrRational
Walk away?
From a lease? sure you can "just walk away".
Not so easy with a titled property.
If you can sell then (at any price).
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First, I was talking about IF the OP was to walk away from the condo that he's talking about buying, not about walking away from a lease. Of course, it's not as easy as that, but if you look at my prior recommendations, I've also suggested that he would have options when it came time to move to FL. Such as... renting or selling at a reduced rate. Anything that he could get back from the sale would be that much that he wouldn't have gotten back from renting...
You're right in suggesting to him to consider the what if's, such as moving to FL sooner. But, with his current plan of staying in OH for the next 5-6 years, he would be paying just as much in rent as he would be for the condo.
There are many things to consider, but based on his current plans, my recommendation still stands...
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