Rent or Buy? That is the question.

[Racer46]

Originally Posted by FSF

That's a personal preference, not a choice derived from deductive reasoning. These are people with budgets, I presume, and they have to consider a myriad of factors in making these decisions. I get that the majority of owners, especially those who can pay in cash, are going to want to own under virtually all reasonable circumstances. But this isn't about what you specifically would do but what the OP should do. I understand that you are just giving your opinion of what you would do but if your circumstances are markedly different, then the opinion is not only unhelpful, but even perhaps detrimental.



It doesn't seem that clear to me that the OP knows exactly where they want to live. It's problem rushing in to buy if that is the case, even by your own opinion.

I do not disagree. They must decide where they want to live and even rent for while to get the decision made. However buying at that point if they can afford it makes sense. Yes their budget is important.


Note I pay cash now because I bought in the past and made money and now, aside from business income, etc., can buy with cash due to those sales.

[HB2HSV]

Rent for a year for all the reasons stated. SoCal real estate is a cyclical market. A year from now you may pick up a house at a 25% + discount.

Meantime, your house in Colorado will continue to appreciate.