Quote:
Originally Posted by JDMDreams
Yea I'm really glad I looked into property in my 20s, I can't imagine being 30+ before getting your first place on a 30y mortgage. You will be near retirement before you pay off your first home assuming it is something entry level. This is assuming no marriage or kids to add to your liabilities. No Tesla's or type r unless your income goes up significantly. Unless you're some high rolling professional or Asian parents throwing money at you.
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well most people these days do stay at home or save up enough until theyre around the 30 mark since everything is so expensive but if youre gonna wait and wait and then buy when youre at 40 you're pretty much buying to hand it off to your children cuz you'd be like 60 before its paid off or whatever? like i guess your children will be happy that you "waited and bought it cheap"
i'd rather be paying down most of the mortage when im 40 so that i would have upgraded and/or start consolidating my retirement funds when im like 45 or 50...not when i just started paying down my mortgage!
control your own lifestyle...dont have the process of buying the house control 5-10 years+ of your life!