As the title says. I have been thinking about purchasing a condo. I'm 25 I make a decent living and building up my savings. But I have bigger goals for the future. I don't see myself getting stuck at a job just because I have a mortgage obligation. I also know that it could be a good investment for my future self. Can anybody show me some downsides to purchasing a house vs let's say "start a business" with a percentage of your savings? I can afford to lose now... I'm not sure if I will be able to recover from a big loss if I was 40 without a house in my name.
Tl;dr: Any reasons why a 25 year old should not use their savings to put money down on a house?
Submitted May 21, 2018 at 09:38AM by yopapa22 https://ift.tt/2IYgKpZ
