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paying rent/mortgage

ixitixl

Step 1 studysaurus
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Dec 9, 2003
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  1. Medical Student
    I am heading to medical school this fall entirely on loans, which includes about 1200 USD for living expenses from which I am supposed to pay rent. I noticed that mortgage payments for a cheap place actually comes out to less than rent. Is anyone in a similar financial situation as me doing mortgage payments instead of rent?
     

    Andrew_Doan

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    1. Attending Physician
      With the interest rates down, it may not be a bad investment to buy a place that you can resell in 4 years. Keep in mind that mortgage payments may be cheaper, there are also more indirect costs with keeping up a home, e.g. property taxes, fixing the sink, keeping up the yard, etc...

      You can rent the place out to other medical students and live there for FREE. ;)
       
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