Family and I are going to be relocating there for work for minimum 2 years. Could be more long term, but I'd put those chances around 33%.
Work is going to be giving a healthy per diem package, we could rent a place around $3250/month from what I've seen and be happy.
Conversely we like the idea of buying, if the market continues to grow. The houses though that we like are in the $650-700k range, so that mortgage is Closer to $4300/month. And that's with 20% down which we can do (also welcome advice there: should we throw that much in or more?)
But if it's only for 2 years, Do you think the volatile market make it worth it to sell the house later and know we'd still cover the delta from the down payment and the approximate $1k additional in renting.
Also we'd be looking closer on the north side of town, round rock and Georgetown areas.
Thanks
Work is going to be giving a healthy per diem package, we could rent a place around $3250/month from what I've seen and be happy.
Conversely we like the idea of buying, if the market continues to grow. The houses though that we like are in the $650-700k range, so that mortgage is Closer to $4300/month. And that's with 20% down which we can do (also welcome advice there: should we throw that much in or more?)
But if it's only for 2 years, Do you think the volatile market make it worth it to sell the house later and know we'd still cover the delta from the down payment and the approximate $1k additional in renting.
Also we'd be looking closer on the north side of town, round rock and Georgetown areas.
Thanks