In 2030, you will own nothing and be happy

1. Don't base your financial decisions off others.

2. It depends on your budget.

3. It heavily depends on your career. Buying a house means you are essentially locked into that geographical location jobs-wise. This can be detrimental depending on where you buy your house and where your field is popping.

It's not that buying a house is always better than renting, or vice versa, it heavily depends on your goals and what you're trying to achieve.

Houses are a very big investment that go far beyond just the mortgage and a few extra costs. People don't realize how much they gotta fork over until it's too late. And notice I said investment-- your house can easily tumble in value if you don't pick a good, future-proof area or mistime the market.

If i won the lotto

Yes I would why not

Hey people. Look into utilizing FHA LOANS. All u need is 3.5% down to become a homeowner. It really isn't that hard to become a homeowner... if u have the funds ofc.

I want to but the housing market is proper cooked

but Why would a mid 20s person want to?

Yes I'll have one by the end of next year

It's an easy way of building a monopoly. Real s***. Purchase a duplex. Live on one half for a year, rent the other half out. The next year, rent both sides out.. Use that same initial FHA loan and purchase another multifamily home. Go bigger or at least another duplex. U just need the money to purchase & maintain the first one b, you'll never pay for living again. It's easy to be financially free once u get to this basic position

oh ok. that's different than just wanting to own a house though imo that viewpoint is a way better investment

fr man. houses are a dead investment for sure... unless you're flipping or have land to build tbh. I got the concept from Bigger Pockets. It's called House Hacking. It's really beneficial to buy multifamily on an FHA loan.

Yes in cash

Mortgage ?

probably not. the appartment im in is dirtcheap. live with my gf and we pay €400 for rent in total + they come to fix our s*** if something stops working. Probably early 30s if I payed back most of my student loans

I did lol

If you can afford it yes. Renting isn’t going to acquire wealth, you’re just helping another man get his.

considering buying a duplex and just renting both out

400 total. This hurts man lol

i'll spare you the details but a lot had to happen in order to get that appartment. otherwise similar 2 bedroom appartments are around €900-1000 where I live in the Netherlands.

Just did. Late 20s.

Respect to all the home owners. I'm a looooooong ways from it but I'll get it one day. Once I decide where to settle down.

Until then ima just be nomadic

Yea

If I had the money and it was the right time

nah, unless 1 of 2 things happen

1. i have kids

2. i'm planning on staying in the area i live in for 7-10 years