your avatar has some magical power to it.
the more I look at it, the more I think about "how about Darden over Fuqua???" hahaha
a liveable apartment w/ 2 beds down in Durham is around 900 a month.
If I buy a 180k house w/ 20% down pay, my mortgage will be lower than 900.
Con: Property Tax. Commisions on brokers. hasle of finding a place and selling it. My head already hurts!!!
Pro: I can write off the mortgage interest for the half year (2009) assuming that I will start working right after MBA.
Durhamd surrounding area is growing due to the RTP, and roughly 5% increase on house value can be expected. Generally, employers will pay $$$ in relo package if you own a house.
More importantly, I need privacy and space for my family.
with everything considered, i think it will come out to be roughly even.
but I am willing to go through this to have more space for my family.
Since I won't be around much to spend time with them, this is the least I can do for them. I hope they make good friends around the area so that they won't notice my absence too much.