I am a about to graduate from college and start a full time job. Should I look to rent or buy?
What I'm very curious about is how it appears that every single one of my peers when they graduate and move to work either in NY or Cali or Midwest (companies like Bloomberg, Google, Microsoft etc..) are all going for traditional rent. Every single one it seems to be the norm. Why is that? Is buying really that bad? I'm curious, maybe I'm missing something...
Asked By: Katia T - 11/17/2010
Best Answer - Chosen by Asker
It is not that buying is bad, but you probably do not have either the money or credit to buy. Even if you can get a place for $200,000, you still need 20% down, so that is $40k in cash you have to fork over. Plus, since this is your first job, you don't have the type of credit that banks want to make a loan like this... More
Answered By: Matt - 11/17/2010
Additional Answers (1)
Because you could have thousands of dollars in student loans to pay back, which you can't while also paying a mortgage and completing the down payment. Also, your credit score is probably awful.
Answered By: Reasonable Individual - 11/17/2010
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Sobre 287 Trabajos en tu area. $15-87/hora - Aplica Ahora.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.