Asked by Meghan Miller, Los Angeles, CA • Wed Jun 25, 2008
I am a first time home buyer and am thinking about buying the townhouse I live in in Houston, TX before I move to Los Angeles next year. Then when we move we would rent the townhouse. I would like to buy a house in L.A., but am wondering if it is better for me to have some equity in a home prior to buying or should I save the money for a down payment in L.A.
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