# NYSpeed is growing up v. Home Purchase
**URL:** https://forums.speedlife.net/t/nyspeed-is-growing-up-v-home-purchase/41531
**Category:** NYSpeed Off Topic
**Created:** [January 9, 2008, 6:35pm UTC](https://forums.speedlife.net/t/nyspeed-is-growing-up-v-home-purchase/41531 "2008-01-09T18:35:19Z")
**Posts on this page:** 5
**Page:** 4
### Author:  [@bing](https://forums.speedlife.net/u/bing)
#### Post date: [January 11, 2008, 7:22am UTC](https://forums.speedlife.net/t/nyspeed-is-growing-up-v-home-purchase/41531/61 "2008-01-11T07:22:17Z")
> [@93dx--hatch](#):
>
> Bing, you are comparing the GTA area to Buffalo. You have to look at the big picture. How many more good paying jobs are there in the GTA compared to Buffalo?
>
> If Buffalo had a good economy the housing would be expensive too.
there are lots of good paying jobs in buffalo… i know several of you guys are kicking ass.
i consider the purchasing price parity in Buffalo to be higher than in the GTA.
making $120k in the GTA is like making $80k in buffalo… and several of you guys are doing that.
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### Author:  [@greenbull](https://forums.speedlife.net/u/greenbull)
#### Post date: [January 11, 2008, 9:31am UTC](https://forums.speedlife.net/t/nyspeed-is-growing-up-v-home-purchase/41531/62 "2008-01-11T09:31:35Z")
> [@91MR2](#):
>
> While that may be true in some instances, it’s imporant to know what you’re getting to. **I mean, when you factor in closing costs, taxes, repairs, maintenance, responsibilities, etc., you really have a lot extra on your plate, compared to renting.** Just giving a potential buyer in this thread something else to think about.
>
> However, I would encourage anyone on here looking to buy a house, to invest in the city. Buffalo needs good people to make the slow turn around it’s starting to make. Some see it, some don’t. I believe in people making the difference. That’s one of the reasons I bought my house. I know it may sound cynical, but I haven’t lost all faith in the human populace just yet.
Its amazing how many people don’t realize the amount of the closing costs and taxes being factored in. I know it caught me off guard at first with how expensive the closing costs are.
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### Author:  [@JaysGreenLX](https://forums.speedlife.net/u/JaysGreenLX)
#### Post date: [January 11, 2008, 2:50pm UTC](https://forums.speedlife.net/t/nyspeed-is-growing-up-v-home-purchase/41531/63 "2008-01-11T14:50:05Z")
> [@greenbull](#):
>
> Its amazing how many people don’t realize the amount of the closing costs and taxes being factored in. I know it caught me off guard at first with how expensive the closing costs are.
Yeah closing costs are a real bear. I think we paid close to 6g’s and that was after shopping several banks to find the lowest.
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### Author:  [@greenbull](https://forums.speedlife.net/u/greenbull)
#### Post date: [January 11, 2008, 3:02pm UTC](https://forums.speedlife.net/t/nyspeed-is-growing-up-v-home-purchase/41531/64 "2008-01-11T15:02:29Z")
good thing mine and my gf’s credit was in good order and i work for the bank i went through (m & t). Had the appraisal fee waived for putting 10% down and very good credit. I also save 1% on my loan rate.
I went with a bi-weekly mortgage. should be paid off in 24 years or less. But i really only have a 5 year or so plan for this house. hopefully i’ll get into another slightly larger house and rent this one out.
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### Author:  [@JDMSIR](https://forums.speedlife.net/u/JDMSIR)
#### Post date: [January 11, 2008, 4:23pm UTC](https://forums.speedlife.net/t/nyspeed-is-growing-up-v-home-purchase/41531/65 "2008-01-11T16:23:58Z")
> [@greenbull](#):
>
> Its amazing how many people don’t realize the amount of the closing costs and taxes being factored in. I know it caught me off guard at first with how expensive the closing costs are.
Me and my girl got $8000 in Grants for closing costs, inspector, lawyer fees, etc. We didnt pay a dollar out of pocket. This was perfect timing because she then doubled her salary
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