As you can probably tell from the title, i do like it here. But my friend swears buying is the only way to go. He thinks renting is just "throwing your money away" and while I do see some logic in that, I feel as though the $3900 I pay in rent a year would likely be used up in upkeep, property taxes, insurance, etc.
The market value for the house I'm renting is likely in the 1200/mo range. (I'm renting in a family friend's house) seems to me like I have a pretty good setup for the time being.
I'd much rather take my time getting a house and instead invest my would-be mortgage payments into the stock market now. But it seems like everyone in my age group is in a mad dash to buy a house.
Any thoughts on this?
Submitted May 09, 2018 at 09:22PM by FuzzyNippres https://ift.tt/2wuY8Zy
