Are you ready to buy a house? 5 reasons for and against buying a home.

A big part of the American Dream is owning a home.  Five years ago we started living the dream of homeownership, and we can attest that it’s nice having your own home, especially one that is completely paid off.  However, it’s not always a dream being a homeowner, and sometimes it’s not the best decision to buy a home.  In this week’s blog we discuss five reason against and for purchasing a home.

Before we dig into the reasons for or against home ownership, we’ll assume you are an attending physician and out of residency for at least a year.  We would argue it’s almost never a good idea to buy when you’re in residency or have just started your attending position.  Home ownership can take some time, energy, and money, none of which you have while in med school or residency.  You’re also better off waiting after you start your first attending position to make sure the job is a good fit before planting roots...

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