Going back to a residency + Housing

[OutWest435]

Been practicing for a year and going to be moving to go back and specialize for 2 years in a different state. I have a small family and dog so that limits some rental options. Would you buy a modest house around $200k knowing you'd only live in it for 2 years? Would be able to put $40k down. Or do you think $2k a month for rent would be a better option? Stipend is $60k a year with no tuition.

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[Thehighwind87]

200k house? On what planet is this from?

 

[OutWest435]

New York; 3 bed 1-2 bath.

 

[PerioDont]

200k is not bad. consider closing costs etc 5-6% at least

 

[Molar Whisperer]

New York; 3 bed 1-2 bath.

What does a $200k house in NY look like?

870 Bette Ave, Cupertino, CA 95014 | Zillow

870 Bette Ave, Cupertino CA, is a Single Family home that contains 1414 sq ft and was built in 1958.It contains 3 bedrooms and 2 bathrooms.This home last sold for $2,800,000 in May 2023. The Zestimate for this Single Family is $3,127,500, which has increased by $149,567 in the last 30 days.The...

www.zillow.com

 

[charlestweed]

How much will you be able to save per month if you rent a similar sized house for the next 2 years? Keep in mind that the monthly mortgage is not the only thing you have to pay if you own a house.

 

[PerioDont]

What does a $200k house in NY look like?

870 Bette Ave, Cupertino, CA 95014 | Zillow

870 Bette Ave, Cupertino CA, is a Single Family home that contains 1414 sq ft and was built in 1958.It contains 3 bedrooms and 2 bathrooms.This home last sold for $2,800,000 in May 2023. The Zestimate for this Single Family is $3,127,500, which has increased by $149,567 in the last 30 days.The...

www.zillow.com

wow. I will never live in the bay area

 

[OutWest435]

What does a $200k house in NY look like?

870 Bette Ave, Cupertino, CA 95014 | Zillow

870 Bette Ave, Cupertino CA, is a Single Family home that contains 1414 sq ft and was built in 1958.It contains 3 bedrooms and 2 bathrooms.This home last sold for $2,800,000 in May 2023. The Zestimate for this Single Family is $3,127,500, which has increased by $149,567 in the last 30 days.The...

www.zillow.com

139 Jamaica Rd, Tonawanda, NY 14150 | Zillow

139 Jamaica Rd, Tonawanda NY, is a Single Family home that contains 1242 sq ft and was built in 1957.It contains 3 bedrooms and 2 bathrooms.This home last sold for $292,000 in May 2023. The Zestimate for this Single Family is $320,700, which has increased by $5,600 in the last 30 days.The Rent...

www.zillow.com

 

[Molar Whisperer]

139 Jamaica Rd, Tonawanda, NY 14150 | Zillow

139 Jamaica Rd, Tonawanda NY, is a Single Family home that contains 1242 sq ft and was built in 1957.It contains 3 bedrooms and 2 bathrooms.This home last sold for $292,000 in May 2023. The Zestimate for this Single Family is $320,700, which has increased by $5,600 in the last 30 days.The Rent...

www.zillow.com

Any time I hear or read about NY, I think of NYC. I would buy that house in a heart beat if it was an hr away....Go Josh Allen and the Bills!

 

[Boat on the Chesapeake]

Rule of thumb is 5 years for buying to be worthwhile. Unless you’re serious about renting it out in the future, probably not worth it. Interest rates are pretty high too. Plus maintenance and taxes/fees when you sell…Just rent and not worry about it IMO.

 

[carabelliscusp]

What does a $200k house in NY look like?

870 Bette Ave, Cupertino, CA 95014 | Zillow

870 Bette Ave, Cupertino CA, is a Single Family home that contains 1414 sq ft and was built in 1958.It contains 3 bedrooms and 2 bathrooms.This home last sold for $2,800,000 in May 2023. The Zestimate for this Single Family is $3,127,500, which has increased by $149,567 in the last 30 days.The...

www.zillow.com

This is comical