Buy or Rent - R2IClubForums

Buy or Rent - R2IClubForums: "You can buy a home, if You plan to live in the same city for another 5+ years. You think your job is steady or your skills will keep you employed in the same city. Don't pay more than 30% of your take home as mortgage. financially ok to take a hit in the worst case scenario. Your mortage is no more than twice the rent you pay now. Don't buy a home, if you think it will appreciate 50% in 2 years. you have to put your entire savings as down payment. it will freak you out to read about a down RE market for next 18 months."