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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[–] Rentlar@beehaw.org 11 points 1 year ago

Well thanks, guess I'm insane for not having $25k Canadian to my name, parking spots cost C$250k and only a handful of listings for condos within a 90 minute car commute from Vancouver costs under C$300k, which come with their own mini-rent anyway in the form of condo fees.

Where I am, I pay about the same as the example scenario except in Canadian dollars, and it gives me easy access to public transit so I don't need a car to commute around. I think this is a better deal.