this post was submitted on 31 Aug 2023
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Finance

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The Absolute Insanity of Not Buying a Home When You’re Young (www.riskology.co)
submitted 1 year ago* (last edited 1 year ago) by Recant@beehaw.org to c/finance@beehaw.org
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While buying a house is not a luxury everyone can afford, buying one instead of renting provides several key benefits that pay off in the long term.

What does everyone else think about buying when compared to renting?

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[–] Recant@beehaw.org 4 points 1 year ago (1 children)

What the author used as their title is not the most ideal however the main point is the benefits buying has over renting.

However I understand that people can't afford a down payment on a house in major cities.

Out where I live houses can go for 100-200k so it is more achievable for those of more modest income.

Obviously I never intended to put people down because they don't make 200k+ a year.

[–] cobra89@beehaw.org 1 points 1 year ago* (last edited 1 year ago)

Lol yes, everyone here is just going off because of the title without actually reading the article.

They never said millennials and zoomers are stupid for not buying houses, in fact the article makes no remark on people's ability to buy home, just all the benefits of doing so.

The article even talks about the house price drop after the bubble burst in 08 and hints about the dropping prices now. It's in no way advocating that you need to buy right now.