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I strongly suggest not buying a house unless you can stay in the house if/when you switch jobs. The things can lose value and/or can be rather illiquid in down
by jleyank 4y ago
I strongly suggest not buying a house unless you can stay in the house if/when you switch jobs. The things can lose value and/or can be rather illiquid in downturns and it sux losing a job, having to move and learning what the term bridge loan means.
Of course, if you’re able to handle two domiciles due to high salary or successful career, consider getting a 2nd house where you’d like to retire to. It also sux having mortgage payments in retirement.
- rr808 4y agoDefinitely buying a house in 2023 is a risky investment. It depends a lot on the person and the location about what to do. I bought my place mid thirties, it would have been 500k cheaper if I bought in my mid twenties, OTOH I enjoyed the freedom to move around have live with other people. In either case if you're thinking about investments, buying a house in a few years or ten should be something to think about.