Wise to buy home now in Long Island NY if only going to be there for 3-4 years?My husband and I don't want to miss the boat with a buyer's market, low interest rates&govt stimulus. We are tired of paying rent ($1650/mo) and just want to settle in to our own first place. We don't want to get in over our heads and we want to be able to sell the property when we leave without hassles. We have 20% to put down, and do we even put all of it down? We hope to update an older home and would like to gain some equity. Is it a good idea?February 07 2009 - Floral Park00YesReport 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.