Quote:
Originally Posted by The Hype
I don't want to expose too much of her personal life, but yeah she got engaged to the guy after a few months of dating...But hey when you know, you know, right? No investments or anything, and as far as I know they were previously renting.
I just think there's a crap ton of risk, and zero upside aside from the illusion of "Oh there's four of us, that gives us a break on the cost." Maybe I shouldn't talk though, I bought my own place on my own. I'm waiting for 4444 to call me a dum dum, haha.
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buying doesn't make you dumb. making dumb decisions based on bad advice (i.e. 4 person mortgage), or by getting into the whole 'real estate goes up forever' bandwagon makes you dumb.
if you can afford the place you bought, have no desire or plans to move, will stay there for a while, etc. how can i call you dumb. it may not be the best financial decision, but what gets me is the ppl who don't realize how risky some decisions are.
if you know the risks, are level headed about it, then go for it
it's like a billionaire putting $10M on black or red, s/he likely knows the risks, manages them, still could win or lose $10M.