I Remember The Ghost, It Smiled: monetizeyourcat: like i never plan to own a house because owning a...
like i never plan to own a house because owning a house fucked my parents and they have the most difficult time understanding that i don’t see their ability to knock down a wall as worth them being nailed to the ground and robbed blind
i avoid having serious conversations…
Home equity is a good asset. Renting is basically throwing money away, like paying loan interest but without the benefit of earning equity in the property. And it takes forever (15-30 years), so you have to start early if you want your loan to be finished by the time you reach fixed-income age (aka retirement).
That’s probably why your parents are telling you to buy real estate. Renting is a really bad investment, no matter what the real estate market is like. There is no return when there is no asset.
I’m still figuring out whether I want to buy a condo or keep renting. With the game company and all the other financial interests (and the “fair” credit rating), the situation is a bit fluid.

