# new apartment? **URL:** https://forums.speedlife.net/t/new-apartment/22241 **Category:** NYSpeed Off Topic **Created:** [December 28, 2006, 11:44am UTC](https://forums.speedlife.net/t/new-apartment/22241 "2006-12-28T11:44:57Z") **Posts on this page:** 1 **Showing post:** 36
### Author: ![redrum](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redrum/32/7398_2.png) [@redrum](https://forums.speedlife.net/u/redrum) #### Post date: [December 29, 2006, 8:53am UTC](https://forums.speedlife.net/t/new-apartment/22241/36 "2006-12-29T08:53:27Z")
Everyones input is appreciated, but I know what I’m doing… I work at a bank as a financial analyst, and am well aware of the financial implications of buying vs. renting. Right now with the housing market sliding, it is a good time to buy, but only if you are going to hold onto the house longer than the near term. If I were to buy a house this spring, I wouldn’t be able to afford exactly what I wanted (I’ve been following the local housing for quite a while now, and am very specific), but I will be able to in a few years. Just because $900 would be an ok mortgage, dont forget utilities, repairs, renovations, taxes, etc. etc. This is how a lot of people get in over their heads with houses they can’t afford. Additionally, jumping into the housing market right now with the intentions to sell or flip in a year or two is retarded. You could be sitting on a house you dont want for one, two, or more years trying to sell, or lose your shirt on the asking price. Things arent what they were a year ago. With an apartment that is easily affordable, I can plan to be out and on the housing market at a specific time, and not have to worry about unloading a house that I didnt want to buy in the first place. --- _[View the full topic](https://forums.speedlife.net/t/new-apartment/22241)._