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TopicI'm starting to wonder what the point of owning a house in middle-age is.
JBaLLEN66
12/17/18 7:00:51 AM
#18:


ArchiePeck posted...
JBaLLEN66 posted...
Ive been thinking the same thing TC. Im 25 and single and at this point it looks like Ill be single for the rest of my life. Id rather just pay rent thru a landlord which is corporate america most likely and not have to deal with the bs in owning a house. In addition, its for me to even stay planted in a place for more than 3 years. Im worried about some bs happening to me in like a year, so idk how people can comfortably sign a 30 year mortgage and act like their life will be the exact same or better for the next 30 years. Lastly, I couldnt even afford a to buy a house in an area that I could see myself staying in long term, so why waste money on one? Id rather just use the money to invest in a business or rental property.


I mean, for some people's lifestyles it might be more suitable to stick with renting, but you'd need to be confident of having a really good career path and being able to put a huge amount of additional money away in savings because if you don't own a home then you're going to have to pay rent your entire life. If you don't have the savings for this then you'll need to keep working for your entire life (like, even in your 70s and 80s!) or end up homeless and in government assisted living.


Im not completely against buying a house, but why should I lock myself in a 30 year mortgage in a place I would not even want to stay at longer than a year at most? The only areas I could afford to buy a house in are ***** areas. Some people do not care about where they live at and can handle living in BFE or amongst other deplorables and their food lions and plethora of cheap Chinese buffets.
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