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0 pointsbluGill6mo ago0 comments

The details matter and are personal I agree.

Even if a house isn't right for you, you still need to save for the deposit on an apartment. You still need to buy furnishings for your apartment. You won't even know if a house is right for you until you are mid 20s to 30, so it is probably best to save for a house and if you decide at 30 it isn't right for you roll that money into retirement savings (if a house isn't right for you that means you need more retirement savings)

Relationships - even if you don't have a wedding or kids - come at the time you have those starting to get out on your own expenses. You will need to figure those out.

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sebastiennight6mo ago

You just replaced "buying a house" with "buying an apartment", proving my point about cultural bias :-)

I meant, for many people (especially young ones), taking that same deposit to purchase an investment property (which could be a house or apartment, but has a tenant who lives there rather than being for oneself) can be a better deal than buying for themselves.

In the end, buying a place to live in is very much an emotional choice, which is totally valid. But in some locales and for some lifestyles, being a landlord who pays rent elsewhere can be a better financial decision.

joquarky6mo ago

This kind of advice was gospel in the 90s.