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| Topic | Do millenials view houses as an investment? |
| TheGoldenEel 11/23/17 11:33:09 AM #50: | Buying a house was a great choice for me Bought it for $135k in 2012, its now appraised at ~$200k. I also refinanced this year for a better interest rate and paid off my $20k student loan debt (most of which was private with an 8% interest rate), saving myself tens of thousands of dollars in interest Ive rented out the spare bedroom to a friend for $500 a month for most of the time Ive lived here. Plus, there are just the benefits of owning your house: I can do whatever I want, not have to worry about making or hearing noise from people through the walls, replace and remodel things as I want, laundry is so much more convenient (and I dont have to pay), I have a lot more space than I would in a comparable apartment, etc It really does depend on location, and right now idk if Id be able to buy anymore if I hadnt already because prices in my area are skyrocketing. Like my house is 1100 sq ft 2br/1ba with a small yard and it would cost over 200k at this point which is ridiculous in the midwest --- The words of The Golden Eel have been revealed... Games: http://backloggery.com/wrldindstries302 \\ Music: http://www.last.fm/user/DrMorberg/ ... Copied to Clipboard! |
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