4 ms·
Don't buy things you can not afford. So if you don't have $200k on hand, you shouldn't buy a house? (or is the rule "don't buy things Apreche doesn't approve
by ubernostrum 16y ago
Don't buy things you can not afford.
So if you don't have $200k on hand, you shouldn't buy a house?
(or is the rule "don't buy things Apreche doesn't approve of you buying"?)
- orangecat 16y agoA house is partially consumption and partially investment. If you can't afford the consumption part (mortgage/tax/upkeep payments minus the equivalent rent), then you shouldn't buy it.