This subreddit has really been a savior for me. I have learned that it might be a little too strict. However, if nothing else, it forces you to listen to the worst-case or argue your take.
Due to advice received here and confronting the realities of my current/possible circumstances, I recently opted out of buying a home. I only currently spend ~21% of my take home on rent and utilities. While arguing for buying a home, I realized that I’d be spending 35.5% on mortgage/tax/insurance. 44% if I include utilities/internet. 53% if I set aside a reasonable amount for maintenance. While I think that math doesn’t fairly compare how much I can invest with free money versus how much I’m investing into equity, it’s still a stark realization.
But, it’s tough seeing people who are doing things less responsibly getting things you’re too cautious to opt into. Of course you tell yourself that some of them will either be forced out of their situation or even lose everything. But some will pull it off. And I’m jealous of them.
I’ll continue to rent…and share a place with two roommates. I’ll save money for another year — maybe even more. I just hope that I don’t regret these decisions when I finally spend the capital I’ve been working towards for so long.
Submitted March 21, 2022 at 11:12PM by TrustyBagOfPlaylists https://ift.tt/uBfUcCw
