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dark0821 · 04-15-2017, 06:09 PM

quick question to the renters, just curious, when you do retire eventually, I assume you would've saved enough/invested over the years to live off for the rest of your life? Or are you planning to take a hit on your lifestyle to make things work?

I do come from a more traditional Asian background, where I been taught is that home ownership = security. And to my parents, investment = home ownership, if you are doing well, you buy a second property... you do even better?? A third one and so on... lol, because it will be hard for the housing market to crash? compared to other investment options... lol? (I know I am making a fool out of myself hahaha, I am really uneducated in this crap....)

I guess my heavily influenced mentality will be renting isn't exactly cheaper than a mortgage, more versatile/flexible for sure, but cheaper... not really.... so if you are going to have this expense anyways, might as well put it towards something... (as I see rent just money going down the drain sort to speak).

It doesn't matter if the mortgage is paid off before your retirement, you can choose to sell it when you do not have the income/means to pay for it anymore. And you will find you will get back most of your mortgage payments back at that time...

...where as if you were renting for that many years, you have nothing to show for it at the end of the "day"?

LOL... please teach me masters hahaha....

04-15-2017, 06:09 PM	#9585
dark0821 Rs has made me the man i am today! Join Date: Oct 2008 Location: Van604 Posts: 3,254 Thanked 2,712 Times in 773 Posts Failed 113 Times in 44 Posts Member's Picture Albums	quick question to the renters, just curious, when you do retire eventually, I assume you would've saved enough/invested over the years to live off for the rest of your life? Or are you planning to take a hit on your lifestyle to make things work? I do come from a more traditional Asian background, where I been taught is that home ownership = security. And to my parents, investment = home ownership, if you are doing well, you buy a second property... you do even better?? A third one and so on... lol, because it will be hard for the housing market to crash? compared to other investment options... lol? (I know I am making a fool out of myself hahaha, I am really uneducated in this crap....) I guess my heavily influenced mentality will be renting isn't exactly cheaper than a mortgage, more versatile/flexible for sure, but cheaper... not really.... so if you are going to have this expense anyways, might as well put it towards something... (as I see rent just money going down the drain sort to speak). It doesn't matter if the mortgage is paid off before your retirement, you can choose to sell it when you do not have the income/means to pay for it anymore. And you will find you will get back most of your mortgage payments back at that time... ...where as if you were renting for that many years, you have nothing to show for it at the end of the "day"? LOL... please teach me masters hahaha.... __________________ Proud member of GRAPE Great Revscene Action Photographers Enthusiasts AE101 Rolla 96' //Sold RPS13 240SX 90' //STOLEN RMS13 240SX 91' //Scrapped RHS13 240SX 90' //Scrapped S35 Rogue 12' //Gifted to Parents GD 6MT Elantra 13' //Sold CZ4A 5MT GSR Evo 08' // Totalled Ioniq DCT 19' //Traded in NA MX-5 5MT 97' // Sold Prius Prime 21' //Traded in Tesla Model 3 RWD DD GSX-R 600 K5' Mental Therapy Prius Prime 24' New Kids Carrier Last edited by dark0821; 04-15-2017 at 06:19 PM.