I've really enjoyed buying my house and don't regret it as a thing at all, but I was "making" way more money by renting all these years
like, this is ~4x more overhead monthly, even before random expensive big ticket fix items
or take that and put 75% of it in the S&P instead? the math wins
like, this is ~4x more overhead monthly, even before random expensive big ticket fix items
or take that and put 75% of it in the S&P instead? the math wins
Reposted from
SwiftOnSecurity
Well I spent $1400 on home services and repair today. Do not get that mortgage you can barely pencil there's so much else coming up in your future.
Comments
- it's contextual to your city, the rent-to-buy ratio is merely different for every neighborhood
- there's no right or wrong answer, only the best _for you_
- you can save and grow your money in either case; houses are sort of terrible investments on average, and even the supposedly winning boomers barely break decent returns in real terms over time
saving $1k a month from age 20-25 (5 years) and then never saving a single penny more will end up with the same amount as saving $1k a month from age 39-65 (for 26 years)