I am relocating to Dallas. Should I rent a house or buy?

Question

I am relocating to Dallas for my job. Depending on how the job goes, I expect to be there somewhere between 1 - 5 years. I am married with 2 young kids. Should I rent a house or buy?

Answer 1

Right now, is a great time to buy. It is a buyers market out there right now. So you can be very choosy in which house to buy and at a price you want.

Answer 2

2

Answer 3

let me tell you what an "inflation hedge" is.

ok, you rent a house for 5 years, spend 100,000 in rent, and then you move out, and you lose th equity accrued through inflation, then then you lose the inflated equity on the 100,000, then you lose the 100,000. thats well over 500,000 in liquid and real asstes, that should be yours.

now, you buy a house, and pay 150,000 in mortgage payments and interest, and 5 years later you sell the house. you get to work with the inflated equity, the real equity, and you get some money back before you move again. that sounds better doesnt it?
there are loan programs called 5/1 ARMs thats an adjustable mortgage, with a fixed low payment(some even let you choose payments, like a credit card, a min pay, an interest pay, and a fully amortized payment) that payment is fixed for 5 years, then it adjusts ANUALLY, that's 1 time every year, if your recast falls on a day when your index is high, then you are stuckwith a higher mortgage payment for the whole year, and if it is low, you get the benifit of a low mortgage payment for that year.but that should be of no concern to you if you are selling the house in 5 years. call me if you have anymore questions. ask for david powell, 203-729-8900, or 203-410-4427.

Answer 4

it is a buyers market here in dallas and houses appreciate well. you would be wise to buy. search from my website www.danroemer.com

Answer 5

Rent To Own Home - http://RentToOwnHome.uzaev.com/?Svhq