3 ms·

> I purchased a home and I believe it to have been a huge mistake. I'll be looking to sell it basically at-cost If the worst part of the experience was breakin

> I purchased a home and I believe it to have been a huge mistake. I'll be looking to sell it basically at-cost If the worst part of the experience was breaking even, you're ahead. You bought at a peak. Refinance every few years and ride it out. Rent never gets cheaper over time, you get no privacy and own nothing. If shit hits the fan, you're homeless in 60-90 days. By comparison, foreclosure buys you a year.

alex_lav 3y ago
> If the worst part of the experience was breaking even, you're ahead I don't agree. > You bought at a peak. I guess it depends on how you look at it. I doubt I'll ever get an interest rate this low ever again. > Refinance every few years and ride it out. No interest in "riding it out". > Rent never gets cheaper over time, Old homes don't get cheaper over time. > you get no privacy Don't know what this means. > and own nothing. The bank owns this house. I own nothing. > If shit hits the fan, you're homeless in 60-90 days. If I'm optimizing against mythical "shit hitting the fan", this house buys me basically nothing. edit Very interested in these downvotes I'm receiving for giving my own opinions on my own house...