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I'll be in Chicago next year for internal medicine. Here are my options:
1. My in-laws graciously offered my wife, daughter and I a place at there house which is 25 minutes away from work. Her parents would already be babysitting our daughter in the first place, so my wife would drive to her parents drop off the baby and head to work.
2. Rent an apartment/1 bedroom most likely about a 20 minute train ride from the hospital. Rent is about 1100-1400 before utilities.
3. Buy a condo, with mortgage, taxes, assessment and utilities, we are looking at 1200 a month. My parents offered to make a down payment so the mortgage won't be to high (hence 1000-1200 for everything). I'm somewhat worried about this since I may have to leave after 3 years for fellowship.
What would you guys do? I really like option 1 since I get along with her parents really well (I have known them for 20 years or so now). I could save a crap load and pay off some loans. But, instead of being a mooch I could buy a condo in the city and have a potential investment. Any help would be appreciated!
1. My in-laws graciously offered my wife, daughter and I a place at there house which is 25 minutes away from work. Her parents would already be babysitting our daughter in the first place, so my wife would drive to her parents drop off the baby and head to work.
2. Rent an apartment/1 bedroom most likely about a 20 minute train ride from the hospital. Rent is about 1100-1400 before utilities.
3. Buy a condo, with mortgage, taxes, assessment and utilities, we are looking at 1200 a month. My parents offered to make a down payment so the mortgage won't be to high (hence 1000-1200 for everything). I'm somewhat worried about this since I may have to leave after 3 years for fellowship.
What would you guys do? I really like option 1 since I get along with her parents really well (I have known them for 20 years or so now). I could save a crap load and pay off some loans. But, instead of being a mooch I could buy a condo in the city and have a potential investment. Any help would be appreciated!