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Nesgroup address: misc.consumers.house - Date & Time for the message: 8 May 2005 04:52:38 -0700 /

Author of the message: nyp112@gmail.com

Title of the message:
When Is the Right Time?

Text of the message:
I'm moving to a new area to attend graduate school, and am interested
in buying a place to live rather than throwing out money on rent for a
few more years like I have done as an undergrad. Is this worthwhile? I
will be working to pay rent anyway, and according to mortgage
calculators I would have a monthly payment comparable to renting if I
took advantage of a federal first home program for a lower down
payment. If this is worthwhile, what order should I go about this in?
I'd like to live near where I work, but that means knowing where I'll
be working. But should I know for a certain what my monthly income will
be instead of using an estimate from past employment? It's almost like
landing a job and buying need to happen concurrently, but need to
happen in order.
Oh, and how much does college debt work into this? I'll have about
$20,000 of it, and interest on it is deferred until I finish graduate



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