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Forum
-> Household Management
-> Finances
mra01385
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 Tue, Jun 30 2020, 12:02 pm
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Thank you to everyone who offered their advice and suggestions.
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chili-n-cholent
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Tue, Jun 30 2020, 2:22 pm
Wow that's a whole different perspective but it makes a lot of sense
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mra01385
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Tue, Jun 30 2020, 2:30 pm
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Yes thank you for the website. It has really interesting info.
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amother
Pink
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Tue, Jun 30 2020, 5:13 pm
If you are happy where you are, and it is easily affordable, the only reason to move is: retirement. If you buy a house now, it will likely be paid off when you retire, or soon after. Then, you would only have to worry about utilities and home repairs, which would likely be cheaper than your current rent and utilities. Will you be able to afford to live in your current apartment once you retire?
Well, there is another reason: building equity is also helpful when you are trying to co-sign student loans - or other loans - as the house is collateral. And once the house is paid off, you can sell it - usually for a profit - and have a lot of money. This will never happen paying rent.
Either way, you should start saving money. Everyone should have some savings.
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