2007-01-16 10:30:37 · 4 answers · asked by B.D.O. 2 in Business & Finance ➔ Renting & Real Estate
Hi, Ah the college days!! Well in my opinion it depends on your financial level. The main goal is to establish and KEEP good credit, which is very hard for a college student to get. Oh sure credit offers come out the wood work because you have no credit and for some that is a profit to put you in debt so they can collect interest from YOU.
If you are strapped renting would be best. You can keep a monthly budget so maintain expenses. overtime you establish a credit history. As long as you pay your monthly obligations on time. You can upgrade to something bigger because you have earned the credit to do so. Financial institutions will be more willing to take a chance with you. I do not have direct sources or links to give you. I know this from personal experience from myself and many of my good friends. Money.com and Forbes are good sites to research credit and finances. They should help you with background info for future housing/real estate prospects.
Hope I was able to help.
2007-01-16 10:45:55 · answer #1 · answered by amarie828 2 · 0⤊ 0⤋
See if you can talk to a Certified Financial Planner. Or a Certified Public Accountant.
When it comes to big financial decisions, it is smart to get advice from people who actually know what they are talking about and who handle the finances for people for a living.
Get careful, good advice, and also, check in with your "gut" instincts. All the advice in the world is no good if the decision is ultimately not the right one for YOU.
Good luck.
2007-01-16 10:40:23 · answer #2 · answered by Alice laughing 2 · 0⤊ 0⤋
I would rent for a while and then If I decided to stay there I would buy it, thats what my bro did
2007-01-16 10:38:50 · answer #3 · answered by peachsoda87 2 · 0⤊ 0⤋
rent... your just starting off with life. if you buy you could be stuck and renting you can always move at the end of the lease.
2007-01-16 14:39:16 · answer #4 · answered by punkins_wife121705 2 · 0⤊ 0⤋