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re: The math for buying a home no longer works, per WSJ
Posted on 12/20/23 at 10:38 am to nola tiger lsu
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.
2
Posted on 12/20/23 at 10:47 am to 904
quote:
Rent has/is going up as well.
Yeah it is hard, but at least it makes safe areas more accessible. And it really can be nice to not have to worry about maintenance.
Posted on 12/20/23 at 10:50 am to 904
quote:
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
Yes, I rented until late 30s and took a lot of hell for it but worked for me. I have no regrets.
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