Weekly Discussion: 1 July 2024 (lemmy.world)

submitted 4 days ago by andocas@lemmy.world to c/fire@lemmy.ml

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[-] leastprivilege@lemmy.ml 2 points 3 days ago

I'm young in my fire journey but making really good progress. One thing I'm stuck on is the living situation. I can't decided of I should buy something or just be a renter for life. I would like to travel quite a bit during retirement so I don't know if it would make sense to own something. On the other hand it would be nice to have a home base. How did you guys approach this problem?

[-] Fox@pawb.social 3 points 3 days ago

Housing is overvalued compared to renting in most places and is on a modest decline. It's hard to predict where it'll go, but a wait and see approach is probably best depending on your local market.

[-] leastprivilege@lemmy.ml 2 points 3 days ago

Thanks for the insight. That's where I'm at now. I'm building that down payment fund but not as fast as I could be if I committed to buying something in the near future.