Trojan 24
Veteran
I've priced out a condo across the street from my apartment with similar size, would be around 2500 more a month
nikkas still paying rent over a mortgage is crazy in 2025
- Thread starter Mystic
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I've priced out a condo across the street from my apartment with similar size, would be around 2500 more a month
OneManGang
Veteran
You can…but if you can’t afford to make it to the refinance, then it’s a bad decision. Interest rates are showing no signs of coming down significantly soon
I doubt rates will ever be that low again
yeah let me take financial advice from a coli nikka
i'd rather take driving directions from stevie wonder
i'd rather take driving directions from stevie wonder
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Right now for a lot people rent is cheaper
Air conditioner unit breaks, gutters fukked up, plumbing issues then someone comes out and fixed it because it’s part of the lease agreement
U have a mortgage and something breaks or need repaired thats more money out your pocket as well as paying for your mortgage
U have no idea what others financial situation is
Air conditioner unit breaks, gutters fukked up, plumbing issues then someone comes out and fixed it because it’s part of the lease agreement
U have a mortgage and something breaks or need repaired thats more money out your pocket as well as paying for your mortgage
U have no idea what others financial situation is
50K is nothing bro
rightfultoefinger
All Star
Lol. If I was in the market for a house right now, I wouldn’t be able to afford to live where I live. Renting a house is 6-8k while a mortgage is over 10-13k. I seriously have no clue how the younger generation is going to ever afford to buy.
Maybe they could just simply move to a cheaper area. I'm 28 and I'm working on my third house
Depends. I pay below market avg (for my area) for rent and invest/stack the rest.
It’s just me not pressed for more space yet.
I have a rental property as well that cash flows.
I’m saving up for another one but the rates and inflated pricing makes it less attractive.
Do what works for you
It’s just me not pressed for more space yet.
I have a rental property as well that cash flows.
I’m saving up for another one but the rates and inflated pricing makes it less attractive.
Do what works for you
rightfultoefinger
All Star
There is nowhere cheap in California.
Ezekiel 25:17
Veteran
What do you mean $50k is nothing? You think the average person can come up with $50k in a couple years?
Hater Eraser
Veteran
I own a home (and I have invested in real estate), currently with the interest rates that we have, renting and investing your money in the S&P 500 would provide a better return and be less of a stress on finances.Here come the smart dumb nikkas that want to convince you paying someone’s mortgage instead of your own, is better
A home becomes an investment only if you sell it, otherwise it is merely a lifestyle choice. When I bought my home, my cost of living practically doubled. I pay for utilities, lawn care, had to buy a good snow blower, a good lawn mower and I am responsible for all of the upkeep.
Buying would have made financial sense for me in 2018-2019 when interests rates were much lower. I only bought because I needed more space for my kids.
If one really wants to invest, renting and buying a separate rental property (or if you are single house hacking) makes more sense but this notion that just buying a home is an automatic win is a myth.
A home is simply where you live and its value appreciation only matters if you sell it. And you won't even truly own the home until after you paid it off in 20-30 years.
With these interest rates, if one is strapped for cash, renting makes way more sense. Home ownership at best is merely forced savings and that is it.
Peruvian Connect
Superstar
terrible analogy and you're wrong on both parts
Peruvian Connect
Superstar
You're the smart dumb nikka. Ya mortgage is paying somebody elses mortgsge/rent as well.Here come the smart dumb nikkas that want to convince you paying someone’s mortgage instead of your own, is better