If you do the math, if you forgo the house payment, you can live like a king on the premium you would be handing over to some "investor" cashing out on you: you could eat out all the time, buy all the toys you want, indulge in any hobby you can imagine, go on endless vacations (COVID notwithstanding).
At this point in time, you have two choices in life. 1) Do everything you want except buy a house, or 2) Buy a house
Any idea how many people sell their family homes and move into said retirement village? Happens all the time, especially with widowed women.
Also I'm not handing over my spending money to a bank or some Boomer who bought their house for $100K 20 years ago and now want to sell it to me for $400K.
I'd rather enjoy my lifestyle as is, wait for a crash to capitalize on the mortgage defaults, or if that fails, build a house with my bare hands.
Agree. Am fucked.
Gotta save up the ass just to get a house
If you do the math, if you forgo the house payment, you can live like a king on the premium you would be handing over to some "investor" cashing out on you: you could eat out all the time, buy all the toys you want, indulge in any hobby you can imagine, go on endless vacations (COVID notwithstanding).
At this point in time, you have two choices in life. 1) Do everything you want except buy a house, or 2) Buy a house
Do both.retierment village is gonna suck and steal your estate
Any idea how many people sell their family homes and move into said retirement village? Happens all the time, especially with widowed women.
Also I'm not handing over my spending money to a bank or some Boomer who bought their house for $100K 20 years ago and now want to sell it to me for $400K.
I'd rather enjoy my lifestyle as is, wait for a crash to capitalize on the mortgage defaults, or if that fails, build a house with my bare hands.