Submitted by sgtducky9191 t3_10i12yg in baltimore
baltimorecalling t1_j5gbwta wrote
Reply to comment by sgtducky9191 in Neighborhood Suggestions by sgtducky9191
You'll pay a lot more in rent. There's a definite inefficiency between buying and renting
sgtducky9191 OP t1_j5gc6at wrote
I'm aware of that but in general if you can't stay in a place for 5 years a home purchase is a bad investment
baltimorecalling t1_j5gc88g wrote
Explain how
sgtducky9191 OP t1_j5gcmdy wrote
This Is a decent link to sum it up, but basically because of high upfront costs it takes 5 years to recoup that money.
sgtducky9191 OP t1_j5gd1sv wrote
It can of course vary, but buying a home should be as long term an investment as possible!
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