I guess I struggle with this one a bit.
Here's my situation in a nutshell:
-Single (no ltr, no marriage)
-No kids
-No debt
-Middle class ish income
-Content with where I am living currently but thinking long term
-1 year's expenses in savings
So basically, I just don't know where to throw my money next. Save it and rent? Or start looking into a house. I am not even looking for anything crazy. I'd get a one bedroom if I could, so I don't intend on being mortgage poor. I just don't really know if a house would free me more (monetarily) or enslave me more (time and money maintaining). I tend to agree with a lot of you guys' way of thinking so I was wondering what you thought.
Here are the advantages and disadvantages at least in my mind.
Advantages of renting:
-No maintenance (time and money saved and no "overhead")
-No sidewalk slip and lawsuit
-As a single guy the rent I pay for a one bedroom is not THAT much more than I would be paying for a mortgage/insurance/taxes and utilities are included in my apt.
-Can invest what I am not sinking into a house (Vention would probably be displeased)
-Less tax hassle (just standard deduction every year)
Disadvantages of renting:
-"Throwing money away"
-Never a reduction in money paid for housing. That is; never have my mortgage paid off.
-Rent increases over time
-Sinking feeling that it contributes to my wage slavery (although, I probably have to work forever because health insurance).
-Not a lot of peace and quiet in an apartment overall
-Not working towards tangible "ownership" (still renting from the government and insurance co. instead of the bank once the mortgage is paid)
I guess I don't know if I'm just being "lazy". I also don't know if I am legitimately fearful of being enslaved by a house.
tl;dr- rent vs buy from a mgtow perspective
[–]SmokeyMcGruff 0 ポイント1 ポイント2 ポイント (0子コメント)