Forest Hills VS towns in Westchester and new haven line

[xyfun]

Originally Posted by SeventhFloor

ahh makes more sense....so your parents are going to help you with the child care while you work....i guess you can't wait for the house then.
where do your parents live though, would it be hard for you to drop off and pick up the baby instead?

I think if we can buy or rent a 2 bedroom apartment, my parents will live with us for a year to help us with baby. Then after 2-3 years, we will have more savings and by then we know the RE market better, hopefully, the price will drop little bit and we can afford 700k-800k house without too much mortgage. In my opinion, it is not a good time to get into the market, even next year. So maybe I will end up renting a 2 bedroom for a few years, then buy a house.

[KB4]

Originally Posted by xyfun

And I don't like the maintainance fee for Condo.

You need to take into account that it can also cost a lot to maintain a house. I'm mentinoning this because I was recently talking to a coworker who was complaining that owning a house costs so much more than they had expected.

[mead]

Renting is probably a better idea than buying at this point. The outer-boroughs real estate market certainly won't be going up in the short term, and it might even go down.

Originally Posted by xyfun

I think if we can buy or rent a 2 bedroom apartment, my parents will live with us for a year to help us with baby. Then after 2-3 years, we will have more savings and by then we know the RE market better, hopefully, the price will drop little bit and we can afford 700k-800k house without too much mortgage. In my opinion, it is not a good time to get into the market, even next year. So maybe I will end up renting a 2 bedroom for a few years, then buy a house.