Argument for or against buying?Assume purchase price of house is 500K, 150K down, 350K mortgage over 30 years with a 3000 dollar a month mortgage/RE tax payment. Assume this house will lose 10% after the first year of purchase and possibly another 5 to 10% the second year (450K after first year,405K second year). From there on out historical norms apply for the argument (price follows inflation). That's a 95K loss, but you can sell it after 10 years and lets just say get 405K back. Same house rents for 3000 dollars a month, or 36,000 dollars a year. If rent never increases, at the end of 10 years I have spent 360,000 dollars and cant recoup any money. What's my argument against buying in this situation? would it be better to wait two years in this situation? I'm a husband discussing this with his wife, and I wouldn't mind waiting longer to buy while she would like to buy sooner rather then later. Thanks for any help or insight.August 17 2009 - New York00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.