Comment on Property values in my neighborhood are skyrocketing and friends tell me to 'just buy already,' but here's why I won't

Property values in my neighborhood are skyrocketing and friends tell me to 'just buy already,' but here's why I won't

Jon Bilous / Shutterstock.com Megan DeMatteo lives in an up-and-coming Baltimore neighborhood where rising property values make buying a home seem like a no-brainer. However, she writes, renting in the neighborhood is accessible and exactly what she needs in this phase of life. Also, her future plans are up in the air — between her own grad school and her partner's grad school, it's unclear where they'll be a few years from now Visit Business Insider's homepage for more stories. Many of my millennial peers say "just buy already!" — especially in a place like Baltimore, Maryland, where first-time homeowner grants are plentiful and city-sponsored vacant to values programs make it easy to purchase a starter home. In fact, I live in a trendy, burgeoning arts district in Baltimore that is so cool the Baltimore Sun wrote an article about it and people are abuzz about how they can buy here, and soon.See the rest of the story at Business InsiderNOW WATCH: WATCH: The legendary economist who predicted the housing crisis says the US will win the trade warSee Also:I saw my husband's 401(k) balance and it was a huge wake-up call about the way I save moneyCompanies concerned about employees' money stress are spending millions to branch out beyond 401(k)sPeople say renting is 'throwing money away' but I couldn't disagree more.

 

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