I'd love to hear about people's experiences as a first time home buyer.
I'm currently renting in San Francisco, but considering buying a home in Oakland. I don't have much saved, but I have great credit, no debt, and have had the same employer for years. I qualify for first time home buyer's programs that would cover 30% of my mortgage (deferred 30 yr loan @ 3%). I've been researching real estate investing and the home buying process for about two years. I understand renting and owning have many pros and cons, but I've only experienced renting.
I'm going back to graduate school for three years, while continuing to teach. I know eventually I'll have to move out of SF, I don't want roommates unless I'm the main tenant, and I like the idea of investing in a home while I'm in school. I am in a committed relationship, but do not live with my partner, and feel good about having a tenant until we're ready to live together as a couple. I'm still researching and do not intend to rush anything. I do think about buying a home often, it is most definitely a goal.
Read more: Rent vs Buy with Mortgage Assistance programs?
