House prices are rising too fast. There’s no reason that my childhood house is should be 4.5x price today. Also interest rates being 7-8% on a house. Oof… many people are being priced out.
Luckily I got in before rates went up. If I hadn’t I’d be paying almost 1,000 more a month in my mortgage…!
My parents used to rent a 3 bedroom for 600 in the 90s. Now that’ll barely get you a rented bedroom on a Craigslist ad.
I see. But high rates are inevitably just a period in time, it may last another year or so and it will drop again to a more reasonable levels.
I also understand that rents gone up a fair bit. But for the most part even the wages are rising.
And if not enough, you can always jump higher in the ladder. Or I think you should, if you’re young, healthy individual. Because if not young, then when?
Luck's a factor 🤙
Luck in what?
I am grateful for what I have but I am not sure luck has anything to do with it. I had to make tough calls.
Of course I don’t own flat in Prague where median of prices is around $500k. I had to move out to a smaller city and I drive all around the state to make a living.
Of course I don’t drive brand new car. It’s a nine year old Passat, but they are as reliable as one can get.
To leave my business in that 2016 was a devastating decision. Only luck in that is that I was able to make that call relatively soon enough.
I was referring to other post that had luck with timing.
As for me, I was lucky to be born on one piece of land over another. Lucky to have parents. Lucky to have had positive influences. Lucky to have moved from an apartment in a terrible neighborhood to a house in a decent neighborhood. Lucky that my parents had people to help them navigate that move as they didn't know the system. And lucky in so many other ways. 🫂
Ok. In that case I am lucky as well - thanks for reminding me.
