If anyone here can help me, Id really appreciate it. I know absolutely nothing about this stuff, so any insights will be bug help.
Im hopefully moving to a new city soon. I can either rent an apartment for approx 1500 a month, or can buy a small house house for 350k. If I put down 50k (20 percent), my monthly payments would be approx 2000 a month acc to online site (mortgage, interest, hmo fees, insurance, etc)...
I only plan on living there for 2-4 years, so would then want to sell it. Does it make sense to buy/rent.... I dont care for a house, just want the most economical one.
Last thing to consider: I think the real estate value will go up, thats whats been going on last few years, but obviously no way to know.
Thanks