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A 20-30 year long monthly reminder that your mortgage payments are significantly higher due to missing the boat. Ouch! Painful for people that do not expect si
by mhogers 1y ago
A 20-30 year long monthly reminder that your mortgage payments are significantly higher due to missing the boat. Ouch!
Painful for people that do not expect significant further income increases.
- tossandthrow 1y agoThis is the current sentiment. But it is short sighted. The best recommendation is to _know_ the fundamentals of house prices. To know when buying is cheap and expensive. Eg. in relative terms: buying a house at 30 Price/Rent makes it more affordable to rent - in such an environment, just rent. If the P/R falls to 15-20, then buy. Housing can also be unaffordable in absolute terms such as wanting to live in down town San Fransisco. In this case people should strongly consider if they want to pay a premium for that locality. We don't have to go longer back than 2013 to when it made sense to buy over renting - and that will return at some point.
- globular-toast 1y agoIt's your choice to think about such things and therefore it's your choice to be unhappy about it. You can't change the past so you can either be unhappy about it, or not. It's your choice.