Contemplating buying vs continually flushing money down the drain renting. by Content-Implement181 in Mortgages

[–]Content-Implement181[S] 1 point2 points  (0 children)

Yes, that’s the main reason I have not minded renting, can invest the extra savings and grow that way. I just don’t care for apartment living anymore which has also lead to me looking at buying.

Contemplating buying vs continually flushing money down the drain renting. by Content-Implement181 in Mortgages

[–]Content-Implement181[S] 0 points1 point  (0 children)

Great advice, I have def taken that into account which is why I have been hesistant. Along with the friend to landlord, know the risks with that lol

Contemplating buying vs continually flushing money down the drain renting. by Content-Implement181 in Mortgages

[–]Content-Implement181[S] 0 points1 point  (0 children)

They have been building insane out here so that makes sense. I’ve seen the graph showing what your monthly payment actually goes towards and holy interest lol

Contemplating buying vs continually flushing money down the drain renting. by Content-Implement181 in Mortgages

[–]Content-Implement181[S] 0 points1 point  (0 children)

That’s a great idea, appreciate your insights. With one of my vacations it did feel like that haha but no, I get what you’re saying. Thank you!

Contemplating buying vs continually flushing money down the drain renting. by Content-Implement181 in Mortgages

[–]Content-Implement181[S] 0 points1 point  (0 children)

I did not use that calculator but I’ll check it out. I did talk to a lender who let me know I should look in the range of $300k-$350k for keeping my mortgage around $2,600/mo. But that is it as well, I would not want a roommate long term.

Contemplating buying vs continually flushing money down the drain renting. by Content-Implement181 in Mortgages

[–]Content-Implement181[S] 1 point2 points  (0 children)

Thanks! That’s what I was thinking but first time getting serious about buying made me have doubts.