my name is Mohammed, in 2016 i noticed that is cheaper to buy a house than renting because i will be staying in flint more than 5 years and paying $600 a month which $36000 in 5 years. so i bought my house in August 2016 assuming pricing will increase by 2020. Now, i want to buy another house but i am a little bit afraid that i won't make any profit in the current one or the one i will buy. I want to know how is the market doing in Flint? what should i except next year? should i buy a new house ? should i sell the house i am living in right now ? or later ? and when?
I’ve been investing in Flint for 8 years, I love it. As you’ve noticed it’s cheaper to buy than rent. If you’re still looking to stay for a while I would definitely buy. There’s a lot going on in in Flint, and in 5 years time I strongly believe values will Be higher. I’d say go for it. Even if you rent and earn that $36,000 over the time, you’ve still made money even if values don’t increase (which they probably will). You just need to be very careful about which neighborhood you pick. Id be happy to talk more about it with you!
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