re: Home purchase vs renting as a young single man?

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Yet when I think of renting a place I feel like I'm wasting money

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This is not always necessarily true.

You have to weigh this with quite a few things. Are you really wasting money? You're going to buy a house buy throwing down a deposit, all of the various insurances that go along with it, all of the maintenace costs, the initial cost to fix up the house to your liking.

You're a young, single dude. There's a chance you keep this house for 5 years or so. Do you know where the market will be in 5 years? Your house could be worth less than it is now, or a negligible gain. At which point, you will have easily spent way more in 5 years owning that house than you would if you rented for 5 years then purchased a home.

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I make $70k/yr and am a single man.

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If the savings is worth it to you then obviously get a roommate whether you rent or buy. For me personally, if I were that age making that amount, I'd just live alone. But again, that's just me.