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But you have a place to live and you don’t have to worry about unforeseen displacement or rent hikes. I’ve always believed that if you want to buy a home and c
by almost_usual 3y ago
But you have a place to live and you don’t have to worry about unforeseen displacement or rent hikes.
I’ve always believed that if you want to buy a home and can afford it you should buy it. Timing the market is too hard.
Will it make you house poor? Possibly, especially in a place like the Bay Area where many people will risk being house poor to own a home.
- seanmcdirmid 3y agoRent makes sense sometimes. Like when I was paying $1000/month for an apartment in Beijing that the landlord was trying to sell for $1 million. No point of buying into a crazy market if rents are low enough.