06-25-2019, 03:47 PM
Something I rarely see mentioned regarding buying property: you're still potentially throwing away an assload of money. I think of the $1800 I spend on my house a month, ~$425 goes to principal. When I first decided to buy, I imagined that number would be a lot higher. Interest is a bulk of the difference, then there's insurance and taxes to factor in. The bank just takes your money instead of a landlord or apartment complex.
Also my water bill is absurd at $120+ for less than 3,000 gallons so that's money I'm pissing away every single month along with my HOA fees. Not to mention repairs. If you think the Jeep was rough, look up the cost to replace a roof.
My advice: focusing on your career is best thing for ROI in your 20s. The only way to get a decent raise these days is to move jobs. That's a lot easier without a mortgage anchoring you down.
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Also my water bill is absurd at $120+ for less than 3,000 gallons so that's money I'm pissing away every single month along with my HOA fees. Not to mention repairs. If you think the Jeep was rough, look up the cost to replace a roof.
My advice: focusing on your career is best thing for ROI in your 20s. The only way to get a decent raise these days is to move jobs. That's a lot easier without a mortgage anchoring you down.
Sent from my XT1635-01 using Tapatalk