Lilly_P
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« on: December 07, 2008, 02:48:38 AM » |
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My fiancée and I will be (hopefully) married when we enter college as freshmen, and want to buy a house and sell it after the 6 or so years we plan to live there. Her parents would co-sign the mortgage. Does this sound manageable for two (driven + committed) freshmen?
Well, our marriage will not be recognized in Florida where we are going to attend college.
Yes, we are both females.. Not that it should matter.
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deatondan
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« Reply #1 on: December 07, 2008, 04:16:39 AM » |
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yes
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Juana_C
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« Reply #2 on: December 07, 2008, 05:00:26 AM » |
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Well im my opinion yes becasue all that money your going to be paying for rent monthly, you could just buy a house. Understand what i mean. so i just figure is would be fine to just purchase a house instead.
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Jackie_F
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« Reply #3 on: December 07, 2008, 05:22:21 AM » |
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why would you buy a house when your going to move once you graduate anyways?
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Hans_Selye
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« Reply #4 on: December 07, 2008, 07:05:52 AM » |
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well for any university its reccomended to spend first yr in the dorm.
A house is only nice and affordable if you have 3-5 people living in it.
I would research apartments or townhouses more.
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patticharron
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« Reply #5 on: December 07, 2008, 07:15:08 AM » |
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Investing in real estate is always a good idea. With home ownership, comes the daunting responsibility of upkeep, maintenance and perhaps improvement. Generally, you would be able to sell it in five or six years and turn a profit to re-invest in a new home elsewhere.
Whether it is "manageable" is between you and your fiance.
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The_Gnarf
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« Reply #6 on: December 07, 2008, 08:20:43 AM » |
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absolutely
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Future_Citizen_of
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« Reply #7 on: December 07, 2008, 08:50:41 AM » |
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I have known students to this and make out better than dealing with absent landlords and rising rents.
And you can get out of dorm life if you are married. They have exceptions and being married is one of them.
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kavu0742
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« Reply #8 on: December 07, 2008, 10:36:41 AM » |
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No. Rent. Although the housing market is down, off campus housing always has a steady demand, so you won't see a great shift or relief in price. Also, though you are committed now, college brings a lot of challenges to a relationship. God forbid, you guys may split up and a shared property would be one giant headache. I suggest renting for the first year, and if you guys manage to deal with college successfully, then think about possibly making a purchase.
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