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The Absolute Insanity of Not Buying a Home When You’re Young
(www.riskology.co)
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this post was submitted on 31 Aug 2023
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Finance
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The absolute inanity of posting something like this as if it is a new revelation.
If young people could buy a home. They would.
What;s your next post?
It's better to have children in your 30s than in your 50s!
If you spend more than you earn you in for a bad time!
Stop being poor by having more money!!
Yeah, the issue is saving up for a deposit. I finally managed to buy recently, and despite rate rises the mortgage is already pretty much the same as what rent would cost for a similar house (and long term will only be trending down in real terms with inflation). People would buy if they could, it's not like people love having to deal with landlords.
Getting sick? Just don't let viruses in your body!
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.
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.