Asked by Sara, New Jersey • Thu Jun 28, 2012
#1 - I would like to rent in an area that will have easy access to Manhattan, allow me to hang out with people my age, etc. so I was primarily looking into Astoria. Although moving more inland (Forest Hills, etc.) would make the school commute easier, I am not inclined to do so because the area becomes more suburban and I feel I would be more isolated from the benefits of living closer to Manhattan.
#2 - I think a condo might be a good idea is because I will be in my program for at least 4 years. I hope to stay in the area when I graduate, so I figured that I'd be in the city for longer. Why throw money out by renting? I anticipate that paying a mortgage condo fees might cost just as much, maybe a little more so, than renting. Even if it costs more, I figure that it would be worth it since the money is being invested in real estate. Also, mortgage rates are pretty low right now so that's a plus. What do you think?
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