Nostr Web Client

yeah, i’ve had a stable relationship for nearly four years now, and we need our own place to make the next steps in our life i reckon

i’ve been using this tool called mortgage.monster where you can put in a view of rates expectations and property value (it doesn’t let you put inflation expectations in though)

but even under extremely shit conditions (persistent 5% rates that fall to 3% in 5 years, and a 25% drop in property market followed by sub-1% growth for 30 years) it still seems like you’d build your equity up with time

inflation can obviously make a massive impact over that sort of time period, but there’s not much you can do about that

feels like in almost all cases i’m probably better off just biting the bullet, buying, building equity - didn’t used to be the case when renting was cheaper, but certainly feels like buying sets you better off now (especially if you want to build a family which i do)

Azz 2y ago

If you want a family, buying is the way to go. Nothing worse than having a landlord kick you out when you have a young family.

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Discussion

yort 2y ago

yeah my gf and were in our last rental for two years, but when our lease came up, the owners sold, and we got stuck in the tightest fucking rental market ever

i’m keen on buying, just trying to find something in the right area, right price, right size, etc.

i’d rather a shit place that needs some love that’s in a good location

gotta go see a broker and all that shit tho - any practical advice for the actual process of buying a house? (if you have any experience that is)

Azz 2y ago

My advice is to not rush. There will always be houses coming up. Think through how the house will function for what you need. Life gets very busy. If you get something that requires too much work you will spend all your free time doing Reno's. This can have a big impact on your life as you will lose precious rest and relaxation time.