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Reply to "student loans...what will happen when payments start"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So no one has been paying student loans back at all for several years? I had no idea. Jesus, no wonder inflation has been crazy. [/quote] No, I've been paying. I've paid a lot down and never inflated my life really. So, if it starts up again I'm not worried. I also was paying like $900 over my original payment. But my income also more than doubled since March 2020. I could have bought a house like everyone else, but I figured this was more important. I'll finish paying next year or if I have a good bonus this year then maybe even earlier![/quote] Wow you made a huge mistake. [/quote] Why do you say that?[/quote] You should have prioritized buying a house over loans from the beginning. [/quote] But why? I already save $2000 a month for a house. [/quote] Because if you bought a house, you would be up 25-30% right now on that investment but none of use knew so I give you that [/quote] True. But I'm single and there's plenty of time to buy a house. And the investment is only realized if you sell. Most of my friends that did buy barely save for retirement, have small savings, and have endless repairs, and still have their looming student loans. I think buying is important but I'm not willing to compromise on general savings, maxing retirement, backdoor, hsa and brokerage just to say I have a house. I'd like to continue all of those things and have a home. Which is why I prioritized paying down my loans because at some point they will start up again and I will be in a good position to put a hefty down payment on a home and never have to worry about owing student loans. It will also be easier to take on a somewhat higher mortgage for the right home. I also can do this b/c I am in a higher paying field.[/quote]
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