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Rent
All of FL is essentially a “bubble”. Prices have come down a fair bit in the past couple of years. Will it continue to boom or bust is a gamble. As long as more factors draw people into FL than out of FL, it may sustain.
Severe Hurricanes and 100-year floods are becoming more frequent. Insurers are leaving the state or not taking on any new policies. That’s a unique factor we haven’t yet seen play out in the real estate market over the long turn.
The only reasonable answer is renting. All else aside. You’re moving to a brand new place. You don’t know the city. Maybe you’ll grow to love it and stay there forever, but you may grow fond of a particular neighborhood, and that may not be the neighborhood you’d pick today coming in with little knowledge of the city. Let yourself settle in for a year and then decide whether to buy and where.
Eastpointe