this post was submitted on 31 Aug 2023
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Finance

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The Absolute Insanity of Not Buying a Home When You’re Young (www.riskology.co)
submitted 1 year ago* (last edited 1 year ago) by Recant@beehaw.org to c/finance@beehaw.org
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While buying a house is not a luxury everyone can afford, buying one instead of renting provides several key benefits that pay off in the long term.

What does everyone else think about buying when compared to renting?

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[–] liv@beehaw.org 3 points 1 year ago* (last edited 1 year ago) (1 children)

Thanks for your advice, but unfortunately none of it applies to me.

I live in a country with a housing shortage and low housing affordability (40k would not even get you an insulated caravan here) and as a seriously chronically ill person unable to earn a living, my income is just under 50% of what my income would be if I were on minimum wage.