Is buying a house in your 20s really a smart idea?

KplusK

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So better to just pay rent and own nothing at all?:mjlol: Why even buy a car? You finish paying it off and you still have to pay registration every year.:francis:

real talk i don't even plan on buying a car until i retire to a nice little town where i need one. i will always live in the city….owning a car is overrated(its a blood sucker for real) when it boils down to it depending on your living area.
 

bright black

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it appears to be the smart thing to do no matter the age if you can afford it...most successful people have a mortgage or own one or more homes...aint there people now that are wealthy because they parents left them a house?...how would that work for people that only rent their whole life...
 

Kobes Two Jerseys

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real talk i don't even plan on buying a car until i retire to a nice little town where i need one. i will always live in the city….owning a car is overrated(its a blood sucker for real) when it boils down to it depending on your living area.
Yea, like has already been said, it comes down to each situation. My job is 50 miles away. A car with a system is a necessity.
 

MegaManX

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The real question is "Is buying a home with debt in a Capitalist society with little to no regulation on the lender a smart idea?"

And the answer would be HELL fukkING NO.

You are making a 25 year bet that you wont miss 3 consecutive house payments at at least half your working wage in a society where you are not protected from employers firing you and a long history of companies doing shady stuff to your retirement, pensions, and benefits.

America is the wild west of capitalism.
 
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