The Absolute Insanity of Not Buying a Home When You're Young
www.riskology.co
If you’re young—under 40 or so—and have been heeding the personal finance advice spewing forth from some of the most popular columnists and bloggers over the last few years about how owning a home doesn’t make financial sense anymore, I’m afraid you’ve been duped. Buying a house—especially when you’re younger—is still an incredibly smart financial […]

While buying a house is not a luxury everyone can afford, buying one instead of renting provides several key benefits that pay off in the long term.

What does everyone else think about buying when compared to renting?

  • liv@beehaw.orgEnglish
    51·
    1 year ago

    I’m in the 40% that can’t afford it and am not going to be able to in my lifetime.

    The absolute insanity of me!

    • rgb3x3@beehaw.org
      29·
      1 year ago

      Have you tried not being poor? Just let your financial advisor invest the $500k your parents left you in your trust fund so that you can make money on it. It’s so easy.

      • liv@beehaw.orgEnglish
        6·
        1 year ago

        Silly me, I see now what I’m doing wrong. I should have picked richer parents to be born to!

        Instead I tried to stop being poor through hard work, only I picked the wrong body to be born into.

      • liv@beehaw.orgEnglish
        4·
        1 year ago

        Thanks for your advice, but unfortunately none of it applies to me.

        I live in a country with a housing shortage and low housing affordability (40k would not even get you an insulated caravan here) and as a seriously chronically ill person unable to earn a living, my income is just under 50% of what my income would be if I were on minimum wage.