- 6 years ago
- Wedding: May 2012
I know the realtors will all tell me yes, because it’s a buyers’ market here in Austin and they want us to buy.
Here’s the thing: Our landlord is selling our house, and we weren’t planning on buying for another year. I’m still in undergrad and b-r-o-k-e, but I make rent and bills ok. Fiance is working and saving like a normal adult and wants to buy, but is (understandably) frustrated with my lack of savings to do so.
The way the market is right now (Austin, tx), we can get SO much more house for the same monthly payment if we buy. Rentals are sky-high, and it’s hard to find something that’s not hideous. Homes for sale, on the other hand are cheap and interest rates are so low.
Would we be stupid to take out a mortgage (if we can get one) and put zero down?
ETA: My future field is a stable one that pays well. Barring any catastrophies, I should have no problem getting a job in our area very shortly after graduating. I am concerned about resale values though.