Where is the delineation for renting an apt vs buying for you personally? For context, I’m a single 25F making $107k living in ATL and seems like everyone is on the buy/own train. I would be living alone. Apts are ~$1500 vs condos seem to be around $300k

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In my experience (am on my second house) - if you can pay the down payment and closing costs and have money to handle a maintenance issue should one arise, buying is the way to go if you can buy in a desirable location. I made about $100k profit on my first place in about 3 years, and used the sale proceeds to put down almost 25% on my current home.

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Make a financial model.

1. Savings toward down payment
2. What percent is down payment and what would loan and interest look like?
3. Do you have parents who would cosign to bring down rates or provide down payment as a lower tax generational wealth transfer?
4. What other loans / debt do you have?
5. Do you want to stay in the Atlanta area, that even if you married and had kids could keep it as a rental investment?

Then you crunch the numbers until you figure out how soon it is better to own your own than rent. 🙂

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