Is it better to buy a home in my current town where I rent cheaply but dislike, or buy/rent where I'll retire to in 18 years?
Good question ..there are so many moving pieces to this question .....eg. if you buy in desired location - would you rent it ? If yes- can you cover mortgage payment with rental income ? Can you purchase something in disliked location and have it be the same or less than your rent ? What's the likelihood you will leave disliked area in next few years ? I hope this helps a bit | 06.04.15 @ 22:14
No likelihood in leaving B for the indefinite future. Yes, I'd rent out the home in A and continue renting inexpensively in B. I did this the first two years here, and the rental covered the mortgage. (I sold the house in A for a number of reason, chief of which I didn't ever plan to live in that neighborhood.) My situation is similar to many who are in clergy or on active duty military. | 06.05.15 @ 10:18
thanks ...depending on the location and forecast for the area you plan to buy and relocate for retirement ....it might be a wise move to try to buy now...
| 06.05.15 @ 19:53