I'm currently debating buying, but am wondering if I should just keep renting a while longer.
Reasons I want to buy: I'm currently living in an old, old, old house that was vacant for a long time before we started to rent it. It takes forever for the rental company to respond to major things:
Ie, so far in the 3 years I have lived their the steps to front door collapse, the sink in the only bathroom fell off the wall, and the gutters fell off the house - average response time about 3 weeks. We had to climb a ladder to get in the front door for about 2 months.
Current rent $1000 a month for a massive three story house, probably about 3000 square feet all total (although we actually only live in/use the main floor of about 1000 square feet). Utilities run around $200 a month
The house around the corner is up for sale for very cheap for the area $155K, but we think we can get it for less (Seattle, Beacon Hill Area). The house is about 10 years newer than the one we rent, about half the size. The downfall is that it is a foreclosure, and was foreclosed on in the middle of a house renevation so a lot of things are literally half done. Utilities will be much cheaper, I think, because all the appliances are new and its half the size.
I have about $15000 I can put down.
I'm I crazy, should I just keep renting?
Edit to add: I make about $3600 net each month