Buying a home

With my rental lease ending on April 30th, I’ve been doing a lot of research on potentially buying a home.

My initial thought was that buying in Brooklyn for a place in a temporary stint would make little to no financial sense. I was able to confirm that with more concrete numbers from Claude. Simply put, the closing costs of everything just didn’t make sense. Not to mention all the other unexpected cost of the house like repairs. So for now, we’re going to continue renting.

On the other front though, this analysis did spark a conversation about buying a home in San Francisco in the next few years as well. I’m enjoying being here in New York, especially from a work perspective. But from a personal perspective, being home in San Francisco in the long-term likely makes the most sense.

When I moved here last year, I told myself that it would be a 3-4 year stint which would take Colin to 4-5 years old. Naturally with him starting school, that would likely be a good time to make the move. If we also want to have another kid in 2027/2028, living in New York undoubtedly makes things harder when it comes to space.

Financially, this timeline also works out nicely for buying our home in San Francisco for the next 15+ years. That process for us likely starts to get serious at some point next year.