Quote:
Originally Posted by AmeliaG
If you plug any interest rate you could get from a lender into https://www.amortizationtable.org/ your equity increases much better than that.
Your nomad lifestyle is great and I think everyone should see the sun set in different places. Travel and really living other places is key to understanding the world.
But I think, in most economic situations, everyone should own at least one house for financial security. You always have a place you can go and you get rental income when you are not going to live there.
Most people will not want to travel full time.
And a mortgage is paid off at a certain point, while rent is throwing away your dough forever. |
It all depends when you buy a house and where. Housing markets are different in every country. But i can see that the ones who bought a house long ago are better off than those who rented all their life and not able to buy anymore. But they start taxing houses more now than they have done with previous generations. And cause of housing shortages won't find cheap rental house for years. Now there is a housing crisis coming, there might be some nice houses available. The house prices in Holland depends mostly on how much people can lend and how high the interest is.