Current rental home: $4200/month, sfh 4bd/2ba, 1900 sqft. Buy: New townhome build: 980k. 4bd/3.5ba. 1834 sqft. Down payment: 300k. P&I: 4.5k/mo Tax: 860/mo Hoa: 540 Total monthly est - 6.2k Monthly est after tax benefits (1st year) - 5.5k Location: san diego, ca Tc: 270k Nw: 700k. Buy? Cont to rent? Save more to buy? #mortgage #housing #sandiego
You are confused if you should spend money on rent or invest money in real estate???
4200 for a 1900 sqft home in San Diego? Wtf? Does it not have a roof or something? I pay 4k for a shitty 800sqft apt in Boston and had to do a lot of searching to find it. Am I stupid? Is California cheaper than MA now?
Time to move. San diego weather is world class
Buy a real home. $1M for a glorified apartment 😭
I plugged it in. Felt like it still gave me a 50/50 answer?
What location is your current rental ?
Also san diego, about 10m drive from the town home
Buy. Refinance later if rates go down. If rates go up, yours one will be locked.
Always rent in the Bay Area.
Always buy in the Bay Area.
It's San Diego