2 ms·
> If I buy a house I’ll work until I’m 70. And I’ll be house poor that whole time. How will you pay for the ever-increasing rent on apartments when you're 70 a
by jjav 4y ago
> If I buy a house I’ll work until I’m 70. And I’ll be house poor that whole time.
How will you pay for the ever-increasing rent on apartments when you're 70 and beyond?
Owning a house is short-term pain but allows you to lock in a "rent" (mortgage) which will never increase and will at one point go to zero, hopefully before you retire.