Comment on Is it better to rent a cheap/shitty place, or rent something suitable that you struggle to afford?

<- View Parent
whoreticulture@lemmy.world ⁨5⁩ ⁨months⁩ ago

Ah, I don’t think I will ever be able to afford a house. My income isn’t likely to increase by much given my career (80k might be my max, 100k is possible in a decade or two or if I get a PhD). Houses average around 800k. Not to mention the risk of fire, in the region, it doesn’t seem like a sound investment for someone at my income.

So for me, my financial goals are about building up retirement fund and being able to afford a better life (my dreams are to pay for fluff/fold laundry because I have ADHD and constantly struggle keeping up, be able to afford to travel without dipping into emergency fund, have my car paid off, be able to afford car repairs without dipping into emergency fund 😭. just basic stability.) I don’t plan on having children, and honestly don’t particularly care about marriage and prefer a lifestyle of a robust community life.

So what good is a house for me? I have read all the financial advice recommending it but … that seems to apply more to people with families, or higher incomes where saving to buy a house requires less sacrifice from daily life. It doesn’t seem like a good use of my money. Scrimping for twenty years, only to still pay off a mortgage for thirty years, and then die.

source
Sort:hotnewtop