Special offer
Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate)

Spam prevention
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would tell them to rent as cheap as possible.That way they can work at keeping loans current and maybe put money aside for a down payment.   Buying , even if it is the same as reant doesn't include the upkeep and other things nneded to be purchased to maintain a home.

Mar 22, 2015 10:33 AM
Rainmaker
443,220
Cindy Davis
SD Home Source Realty - San Diego, CA

You really can't generalize Evelyn Johnston. There are  other factors to consider, most notably, how long do they plan to stay in the area?  Young folks starting out are often open  to moving around for the right job opportunities.

Mar 22, 2015 10:30 AM
Rainer
279,878
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Buying.

Aug 05, 2018 06:20 PM
Rainmaker
630,251
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Buying! Always.

Mar 14, 2018 07:35 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

So much more goes into that decision, I think--how long do they plan to stay in an area, are they planning to expand their family, can they afford upkeep, etc.

Mar 22, 2015 10:06 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Student is one of the largest reasons that folks that want to buy, can't buy. Those folks don't currently have an option, they have to rent.

Mar 22, 2015 09:59 AM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Buying always makes sense for me.

Jan 01, 2020 11:26 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's their call.

Jul 01, 2018 05:47 AM
Rainmaker
911,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I would have them consult with a loan officer. They might be better off waiting one or two years. Do they, and will they have extra funds for home maintenence? Is there an hoa? Do they have kids reaching colleg age? Do they have dependable vehicles?etc. There is a huge combination of factors that have to be weighed in order to make a smart decison.

Mar 23, 2015 04:45 AM
Rainmaker
183,505
James (Jim) Lawson, DBA
DomainRealty.com LLC - Bonita Springs, FL
Broker Associate, RSPS, BPOR, HI & PE

Working with a young couple right now. They have good to excellent credit, no downpayment, good job stability, are SWFL lifers, can cover closing costs, have terrific salaries but carry considerable student loan debt. Found them a no down loan. With all factors considered will cost about $450/mo. more to buy a 25% bigger and better home in a more upscale community compared to renting. They are now seriously considering buying.   

Mar 22, 2015 04:16 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Evelyn Johnston school loans are going to be part of it for many years for many of them - weather they buy home or not! By buying a home, they will have a discipline of indirect savings - so I'd always recommend them to buy.

Start with small condo/townhouse if need be and save for next big home.

Mar 22, 2015 03:11 PM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I would think they would be better off buying, since rent, in many cases are twice the payment amount.

Mar 22, 2015 02:27 PM
Rainmaker
474,492
Bill Dandridge
MKB, Realtors - Roanoke, VA
GREEN, ABR, GRI, EcoBroker

If they plan on staying put for a few years, definitely show them the value of purchase a house, and making mortgage payments versus rental payments.

Otherwise, if they can afford making a least a minimal down payments and the payments, I would suggest it.

Mar 22, 2015 01:07 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

If they can qualify for a home, are stable in their jobs, I think they should buy. Why pay rent when you can invest in yourself? We all had to start somewhere and even starting small has its merits. Rent can cost more than buying in my market.

Mar 22, 2015 11:40 AM
Rainmaker
1,139,819
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

So long it is in their budget I would say it is smart to buy.  Home ownership is good 

Mar 22, 2015 10:09 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

If they can do it, buying is always the best bet in my opinion. 

Mar 22, 2015 09:41 AM
Rainmaker
1,572,727
David Saks
Memphis, TN
Broker / Industry Analyst

I'd look at the debt-to-income ratio scenario. Best to scrutinize it first prior to the decision.

Mar 22, 2015 09:14 AM