Renting vs Buying, Foreclosures and Job Growth across 50 US Cities

Re:Renting vs Buying, Foreclosures and Job Growth across 50 ... by iamscanner on Wednesday August 17, 2011 @05:54PM (#2897113)

I live in a city in Canada that has a bit of a lacklustre tech scene. Unfortunately, I bought a condo 2 years ago.

Because of the size of the down payment I made (small), and the condo market right now (not awesome), I can't sell without taking a loss until probably about 2014. I also probably can't rent without taking a loss.

I'd like to move - but at the moment, short of foreclosure, there's no way to get this condo off my hands so that I'm free to move again without taking a significant-enough (~$15k) hit to make it cost prohibitive.

Are there more opportunities in other cities? Definitely. But because of my current living situation, I'm not flexible enough to take advantage of them.

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Re:Renting vs Buying, Foreclosures and Job Growth across 50 ... by teamonkey on Wednesday August 17, 2011 @09:33PM (#2897620)

How would your loss compare to two years' worth of rent for a similar apartment? I pay much more rent than $15k in two years, and that's in Montreal where rent is fairly cheap.

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Re:Renting vs Buying, Foreclosures and Job Growth across 50 ... by potatolicious on Wednesday August 17, 2011 @06:44PM (#2897261)

Curious: which city in Canada?

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