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I was hoping for some of your opinions on this. I'm a junior in college in Austin, Texas, a few very good friends of mine live around Austin and go to school so we are planning to get a House together. We are looking @ towns within 15 minutes of Austin, in order to get cheaper housing.
Most of the 4 bedrooms we are looking @ run to rent @ about 1250, which is almost nothing compared to my 1400 for a 2bed room apartment on campus. However I have an extreme disdain for renting. I am feeding people money.
Do you think it would be in our best interest to instead look at buying a house in that area? We will more than likely sign a 1-2 year lease if we rent out there, however since Austin has a pretty big job market, especially for comp sci majors(which my room-mates mainly are), we will all more then likely be working in Austin as well considering this information and just renting it out when we decide to move out.
What would be the pros/cons of this?
Sorry if this is scatter brained, I am a little out of it right now! Can clarify if needed.
Most of the 4 bedrooms we are looking @ run to rent @ about 1250, which is almost nothing compared to my 1400 for a 2bed room apartment on campus. However I have an extreme disdain for renting. I am feeding people money.
Do you think it would be in our best interest to instead look at buying a house in that area? We will more than likely sign a 1-2 year lease if we rent out there, however since Austin has a pretty big job market, especially for comp sci majors(which my room-mates mainly are), we will all more then likely be working in Austin as well considering this information and just renting it out when we decide to move out.
What would be the pros/cons of this?
Sorry if this is scatter brained, I am a little out of it right now! Can clarify if needed.
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