- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The math for buying a home no longer works, per WSJ
Posted on 12/20/23 at 10:32 am to Jcorye1
Posted on 12/20/23 at 10:32 am to Jcorye1
quote:
I was sick of renting
The basis for many bad home buying decisions. Enjoy being underwater, high interest, paying 3x for the house all while probably living in a worse neighborhood and spending more on repairs than if you just waited it out.
Posted on 12/20/23 at 10:38 am to nola tiger lsu
quote:
The basis for many bad home buying decisions. Enjoy being underwater, high interest, paying 3x for the house all while probably living in a worse neighborhood and spending more on repairs than if you just waited it out.
Rent has/is going up as well. It's entirely possible now to rent until your late 30s / early 40s and still not have saved up enough for a traditional down payment if you have an average income and aren't a hermit who spends no money on life.
Posted on 12/20/23 at 3:17 pm to nola tiger lsu
quote:
The basis for many bad home buying decisions. Enjoy being underwater, high interest, paying 3x for the house all while probably living in a worse neighborhood and spending more on repairs than if you just waited it out.
I partially agree. Buying shouldn't be a "ah what the hell let's do it" decision. But let's view the market presently. Houses prices may come down some, but they are only going to climb higher long term. We are currently seeing interest rates in line with historical norms. The sub 6% mortgage rates for much of the 2010s up until 2022 were an anomaly. I don't know if that comes back and if they do, congrats you can refinance to a much lower rate! If you have no hurry to buy, I wouldn't. Some people have to though and that's just the reality. And renting is going up every year. It can't be looked as a fixed price every month.
Popular
Back to top
Follow TigerDroppings for LSU Football News