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> debt significantly hurts your chances of buying a home 60k in the hole still from undergrad loans. The thought of taking out a mortage after this debt is fin

> debt significantly hurts your chances of buying a home 60k in the hole still from undergrad loans. The thought of taking out a mortage after this debt is finished is not appealing. "hurts my chances"? Sure, that's one way to put it.

cryoshon 10y ago
it's just boomer re-framing of the issue to make it less clear. buying a home isn't something that is up to chance. it's not like you are cruising one day, and BANG!, you buy a home. you save up for fucking years, then you put the down payment. having student loans precludes saving as much each year, making home ownership extremely distant for most.
giardini 10y ago
It may not be to your advantage to buy a home. Once you do, you're tied forever to the local economy. Ofttimes once many people move to an area and buy homes at artificially-inflated prices, the local economy tanks and everyone is stuck with their overpriced home. Look at the people in cities (in Montana, North Dakota, West Texas) caught up in the fracking boom - they're stuck with thousands of overpriced homes now. If you rent, you can move easily to an area that is growing. https://www.google.com/search?q=buying+a+home+is+not+worth+it&client=opera&hs=nnT&channel=suggest&gbv=2&sei=JMnjWOm1DIis0gK3yrq4BQ&gws_rd=ssl#spf=1 https://www.google.com/search?q=buying+a+home+is+not+worth+i...
- BeetleB 10y ago
  >Ofttimes once many people move to an area and buy homes at artificially-inflated prices, the local economy tanks and everyone is stuck with their overpriced home. At other times, a city grows so fast and rents go up so much in a few years that a house shields you from it. I bought my house "late" (i.e. when prices were on an increasing curve). Less than 3 years later, too many 2 bedroom apartments charge more for rent than my much bigger house. If I were to sell now, I'd make a profit, even after you account for real estate fees, etc. Obviously, my case is not the norm. But neither is your scenario. >https://www.google.com/search?q=buying+a+home+is+not+worth+i.. https://www.google.com/search?q=buying+a+home+is+not+worth+i.... Oh, please! The first rule of Google searching is: Do not ask it to return what you are looking for!

cryoshon 10y ago

it's just boomer re-framing of the issue to make it less clear. buying a home isn't something that is up to chance. it's not like you are cruising one day, and BANG!, you buy a home. you save up for fucking years, then you put the down payment. having student loans precludes saving as much each year, making home ownership extremely distant for most.

giardini 10y ago

It may not be to your advantage to buy a home. Once you do, you're tied forever to the local economy. Ofttimes once many people move to an area and buy homes at artificially-inflated prices, the local economy tanks and everyone is stuck with their overpriced home. Look at the people in cities (in Montana, North Dakota, West Texas) caught up in the fracking boom - they're stuck with thousands of overpriced homes now. If you rent, you can move easily to an area that is growing. https://www.google.com/search?q=buying+a+home+is+not+worth+it&client=opera&hs=nnT&channel=suggest&gbv=2&sei=JMnjWOm1DIis0gK3yrq4BQ&gws_rd=ssl#spf=1 https://www.google.com/search?q=buying+a+home+is+not+worth+i...

BeetleB 10y ago
>Ofttimes once many people move to an area and buy homes at artificially-inflated prices, the local economy tanks and everyone is stuck with their overpriced home. At other times, a city grows so fast and rents go up so much in a few years that a house shields you from it. I bought my house "late" (i.e. when prices were on an increasing curve). Less than 3 years later, too many 2 bedroom apartments charge more for rent than my much bigger house. If I were to sell now, I'd make a profit, even after you account for real estate fees, etc. Obviously, my case is not the norm. But neither is your scenario. >https://www.google.com/search?q=buying+a+home+is+not+worth+i.. https://www.google.com/search?q=buying+a+home+is+not+worth+i.... Oh, please! The first rule of Google searching is: Do not ask it to return what you are looking for!