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
    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.

    • raccoona_nongrata@beehaw.org
      1·
      1 year ago

      Ah, I understand, I’m sorry about your situation then, it sounds especially difficult. Apologies if I came across as a bit oblivious.

      • liv@beehaw.orgEnglish
        3·
        1 year ago

        Thanks, it’s totally okay, and maybe your comment will help someone else in here who is in that situation.