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There is more houses for sale then buyers. And its impossible to get a mortgage. Its never been this bad. You must be +20% down with 750 credit.
Say property your buying is 400k. Your need 80k down + taxes and closing fees. Its plus 90k. 7 years you go to sell property you might have to take less. And all the money you put into it. then everything in house must be up to date to sell. you have to fiz up a place to sell it. here is the part that makes you vomit. Take that 90 and buy a mutual fund and in those 7 years it might be worth 300k.
ANSWER......RENT......unless your a family staying put for 15-20 years
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