Dear Money Doctor®, my Financial Advice is:
Renting a house may make more sense
My story behind the advice is:
Don’t jump into purchasing a home too quickly. Make sure that you like the neighborhood and that your job will keep you in the area long enough to make home ownership the right choice. Title insurance, legal fees, home inspection and other closing costs alone could take a few years to breakeven on a home purchase vs. renting. Plus, you will be responsible for all home improvements and maintenance – and there will be some.