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As I house owner, I've been taking issue with the common thread on the internet that suggests that buying a house is a financial trap. It can be, of course, dep
by drukenemo 10y ago
As I house owner, I've been taking issue with the common thread on the internet that suggests that buying a house is a financial trap. It can be, of course, depending on where you live and your financial habits/situation.
I don't know where you live in the EU, but in the Netherlands, where I live, paying mortgage can be as affordable as renting. So, unless you're in the nomad lifestyle, you still gotta pay a fixed monthly housing cost, unless you live on the streets or with your parents. Both options sound terrible to me. So the stable income/expense cash-flow need to be there anyway.
- mixmastamyk 10y agoThere are a lot of obligations of owning a home, such as ongoing maintenance that some consider enjoyable (and promptly forgotten) but some do not. To each his own.
- Zelmor 10y agoMy personal emphasis is on mobility, not the ROI of renting or buying. When shit hits the fan, I would like to be able to move countries/continents without leaving behind a bad investment.