I am trying to make a decision. curious about your thoughts on my personal situation, and what you think in general. or your own stories if you have anything relevant…

  • Cryophilia@lemmy.world
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    4 months ago

    If you’re able to pay for rent, you’re able to afford paying back a loan.

    May not be true depending on where OP lives. There are a lot of rent vs buy calculators out there, and home prices are so expensive in some areas that it’s actually better financially to rent instead of own, and to invest the difference in payments. For example that’s the case where I live in San Francisco - investing the difference between rent payments and mortgage payments nets me more in the long run, even considering housing value appreciation.

    Edit: this of course doesn’t apply to investment properties, where you get the value of the asset + appreciation, but also get rental payments.

        • redisdead@lemmy.world
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          4 months ago
          1. reach retirement age, still piss away half your income in rent, never improve your life.
              • Cryophilia@lemmy.world
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                4 months ago

                Oh no, such a shithole, no one likes it here that’s why prices are through the damn roof lol

                Cities are expensive because the country sucks balls so anyone with two braincells to rub together moves to the city.

                • redisdead@lemmy.world
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                  4 months ago

                  Cities are expensive because idiots would rather dump 2/3rd of their income on rent just to hear the neighbors screaming all day and night through the paper thin walls of their apartment.

                  Stay miserable.

                  • Cryophilia@lemmy.world
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                    4 months ago

                    Sounds like you’re the miserable one lol

                    Have fun driving to the nearest restaurant, which is an Applebee’s