Different for everyone. Only you can decide.Do u wish u bot a hous sooner?
We just bought a house and are super happy. But that was always our plan. Get married and then buy a house.
Do u wish u bot a hous sooner?I had houses when I was previously married, and then I was not living with my now wife when interest rates were at their cheapest a few years back.
Depends on the location. I would never buy a house in a highly congested area, too expensive. If its an hour outside a main city where prices are a bit more reasonable then buy all day, every day.Would you commute >50 minutes each way to work, 4 days a week?
I had houses when I was previously married, and then I was not living with my now wife when interest rates were at their cheapest a few years back.Ah maks sens thank you very muck
I find that agonizing over past decisions is pointless anyway. Things happened as they did, and you wouldn't be who you are today if the past was different.
Rent. A quote that has always stuck with me:
The rent bill is the most youll spend on your apartment, the mortgage bill is the least youll spend on your house.
Rent. A quote that has always stuck with me:Renting is setting your money on fire. Your quote only holds true if the house just goes all to shit and you have to replace everything, in which case it should have been super cheap as a fixer upper anyway.
The rent bill is the most youll spend on your apartment, the mortgage bill is the least youll spend on your house.
How is renting setting my money on fire? I receive 1 months shelter for it. Plus if anything breaks its not my problem.
How is renting setting my money on fire? I receive 1 months shelter for it. Plus if anything breaks its not my problem.Because you have literally nothing to show for it. It does absolutely nothing for you long term.
How is renting setting my money on fire? I receive 1 months shelter for it. Plus if anything breaks its not my problem.
Because you have literally nothing to show for it. It does absolutely nothing for you long term.You had a shelter over your head and access to utilities. That's not "nothing".
While I agree it's not setting your money on fire? You ARE paying somebody elses mortgage and upkeep costs as well as giving them some extra money each month in addition to that.
You had a shelter over your head and access to utilities. That's not "nothing".It is after you dont live there. It literally cant be anything else. Its just money thats gone, versus money paid toward an asset you take with you.
I get what you're saying but I disagree. It's not nothing.
It is after you dont live there. It literally cant be anything else. Its just money thats gone, versus money paid toward an asset you take with you.
The cost of my rent is locked in and agreed upon by me, which means im free to decide if the quality of the apartment justifies the cost of rent. And like I said, if anything breaks its not my problem. Something catastrophic is highly likely to cost more than the 1 month of rent im giving the landlord. And if they decide to jack up the rent next year to make up the cost of repairs, I can simply leave without needing to worry about selling the place.
It is after you dont live there. It literally cant be anything else. Its just money thats gone, versus money paid toward an asset you take with you.After you're done renting you stop paying rent since you're no longer being provided shelter.
Would you commute >50 minutes each way to work, 4 days a week?
We subsidize home ownership in a bad way in the US and it's financially beneficial to take advantage of that. In addition, there is a cultural aspect of it that's popular in society, plus some lifestyle benefits for some people. I think we should change some of that, but whatever. All of this is further exaggerated by our terrible land use policy that's led to a housing shortage and speculative housing appreciation.Right, renting is not setting your money on fire. It's paying someone else's mortgage instead.
BUT, renting is literally NOT setting your money on fire. It's the payment of a service, with some benefits and some negatives. The same as anything else.
I'd rather own, but I can see why people would rather rent.Mortgage is a pretty broad term that covers all of the various types of loans given to cover residential residency
also, mortgages aren't the only loan you can get for buying a house. USDA also has rural development loans if you live in a rural area and rates are like 4% last I checked, no down payment either.
Right, renting is not setting your money on fire. It's paying someone else's mortgage instead.Not sure if you're being sarcastic, but yeah I guess. The same way buying my groceries is paying for the rent of the grocery store of the owners.
I voted Rent since Taxes just double my mortgage payment. However that was the wrong vote, that can happen to you when you rent.I saw your topic yesterday. Was the reason really due to property taxes?
saw your topic yesterday. Was the reason really due to property taxes?