Anyone on H1B considered buying a house/apartment? I pay $3k rent a month and have a 770+ credit score. I also have enough savings to put down a decent down payment. Does it make sense to buy? Anyone has done the thinking on this? Would love some opinions from people who have bought and others who seriously considered but didn’t.

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Sorry, this reply won’t be helpful at all. I saw 770 and got GMAT-triggered. Anyway congrats that’s an excellent GMAT score

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Haha. Hope you get a drink and relax over the weekend S1.

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Location? I’m in the suburbs and upgrade from apt to home was awesome. Especially true I f you have family or thinking of starting one soon.

If you are looking to put down 20% that is

What is your location? What is your budget and what is your comp? If you have a decent opportunity to buy with 15 years outlook and you can maintain your comp for the next decade then it could work

Jersey city. Budget about 700-800k. Combined income of 350k. McK EM so it’s only going to go up from here (or so I hope), even if I quit and join somewhere else

OP, my wife and I bought a house recently. I’m on GC and she has an L1, so slightly diff immigration situation. Still one of our criteria was “rentability” in case we have to move. Look for a house close to public transport, good school district, nice deck and don’t fall for the “we can afford this” trap. A house which is barely affordable will be difficult to rent. Happy to chat more

Yes NYC. Looking at Queens to hit a sweet spot of affordable, rentable, walkable to public transport, and lower property taxes (which are incidentally significantly lower than NJ or other parts of NY)

OP - We live in JC too and both are on h-1b. Have a condo here that is on rent since the last 2 years. It’s worked out quite well. We plan on keeping it long term and continue to rent it out.

Downtown - Exchange Place. It’s a 1 br condo and we get 2850 rent.

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