Reply to What do you think of people who don't own a house/condo/townhouse etc?

Forum Index » Money and Finances

Reply to "What do you think of people who don't own a house/condo/townhouse etc?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]In their mid 30s. Professional/white collar job. Single - no kids. STILL living in a 1 bedroom apartment.

(No I'm not judging others -- this is MY situation and I'd like to know what impressions others have of me bc from the questions/comments I've gotten, I have a feeling people DO have an opinion about this.)[/quote]
I think you may be onto something. Owning isn't necessarily a bad thing, but my financial philosophy is influenced by people like Ramit Sethi and James Altucher. The idea that one is "throwing away money on rent" is widely held, but housing has historically been a lousy investment.

[url]https://mic.com/articles/149552/should-i-buy-a-home-investing-in-real-estate-buying-versus-renting-robert-shiller-investment-inflation#.kvW9ewxwL[/url]
[url]http://www.iwillteachyoutoberich.com/buying-a-house/[/url]
[url]http://www.jamesaltucher.com/2015/10/own-house/[/url]

While DC has experienced a boom in housing values due to a multitude of factors (eastward gentrification and desire for urban living and easier commutes being a few), I think it's only a matter of time until things cool off and the bubble I perceive to be forming pops. Even though people make gobs of money in the DMV, it seems like values have increased more than salaries. I'd rather invest the same money that would go towards a downpayment in low-fee index funds and write one check a month that covers rent, maintenance, taxes, and so on. I like the flexibility of renting and am not committed to DC for the long term. YMMV.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics