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I'm European and I am not going to spend 80% of my income on a house that I'd have to pay off until im 75.
by zwnow 1y ago
I'm European and I am not going to spend 80% of my income on a house that I'd have to pay off until im 75.
- astrange 1y agoWhat does that have to do with the US homeownership rate? Anyway, that's strictly better than renting the same house for the same rent because you can sell it. The downside of homeownership is extra expenses like repairs are now your problem. Oh, and you don't get fixed-term mortgages like Americans do I guess.