Rent or Buy
My husband (24) and I (25) are going to be moving to NOLA in August for 3 years because of my work. I’m getting per diem so I am not having to pay for housing. We were looking on Zillow and saw the housing prices to buy are much cheaper than in Atlanta, where we are currently. It’s been a long time since I’ve seen houses in the 100-200k that are in good areas and not in flood zones. We also saw houses that are for rent at prices that we see in Atlanta, high 1k-2k for a 2 bed.
We plan on moving back to Atlanta after these three years so we originally thought about renting. But after seeing the owning prices, it seemed like not a terrible idea. We could start the owning process then after the three years we could have the home pay for itself with a rental tenants.
What would yall say about renting vs owning in NOLA? Thanks!