InvestingDoc is a website established by an Internal Medicine physician who graduated from residency in 2016. He is from a small town in Texas, the second member of his family to go to college, and the first in his family to enter the medical profession. When not working he can be found biking, kayaking, and working on the family ranch outside of Austin, TX. In an effort to document his debt payoff and discuss personal finance, investing, and retirement he has started the blog www.InvestingDoc.com.
The decision to buy or rent is very personal and market dependent. For most residents it makes financial sense to rent instead of buying while in residency. There are numerous costs and disadvantages to owning, especially for a short period of time that may make a house or condo a poor investment. Here are 10 reasons why I think buying a house can be a bad decision for most residents.