To buy or not to buy: That’s the question for many young people

Rear-view of an embracing couple looking at their new home proudly
Rear-view of an embracing couple looking at their new home proudly

Rent is high, housing inventory is low and competition is fierce.

USA TODAY
Doing the math left them uneasy. The stress of it all led to a near-meltdown one day on a trip to Home Depot.

At their most optimistic, affording a house seemed just within the realm of possibility for Elizabeth and David Glidden, both 26. They had saved enough for a 10% down payment. But as they searched for a home, ownership became tenuous when the couple considered their monthly expenses.

Buying meant giving up a relatively inexpensive rent-controlled apartment — a one bedroom for $2,150 a month, including utilities. On top of that, the neighborhoods they could afford would add transportation costs of up to $300 a month because they would no longer be able to walk to work. If they bought a condo, there would also be monthly association fees.

Continued:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
May 2016
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031