Every so often (like today) I think about buying a house, but then I look prices and think about everything involved with owning and maintaining a house and I give up lol
Part of me doesn't like the idea of chaining myself down like that. It'd be one thing if I had the cash to buy a house outright, but the idea of tying myself to a specific location and being on the hook for payments for 20-30 years scares me
@malcircuit That’s a valid view. Other considerations, pay a mortgage or pay a landlord who can up the rent just because; having a space you own can be appealing; you can always sell your house, but they used to be much more affordable for a starter. My first house purchased in 1979 Texas was $40k, while in SanDiego they were $100k. My impression is that many younger people don’t want to be tied down, and the cost of a house is out of reach for many/most of them. 🤔
@Huntn00 Yeah, and how much debt did you have in 1979 when you bought that house?
@malcircuit Zero. And purchased it with a VA loan with zero down and my house payment was $400 monthly. I acknowledge that times have changed. 😬 And college, before then, Syracuse was $1500 a semester. Maybe we should be talking about how wonderful Capitalism is or how difficult it is for humans to devise an economic system that is not self destructive or won’t 🔥 the planet? Admittedly along with my senior status, I’ve become a pessimist about our future as a species. 😓
