this post was submitted on 02 May 2024
65 points (97.1% liked)

Ask Lemmy

26890 readers
2131 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS
 

An option for me to buy a house has come up very suddenly and it seemed like a good idea at first - but I look at a mortgage and think "that's 15 years I'll spend paying back, at absolute minimum. Probably more like 25 years" - how can I possibly plan that far in advance?

So, how did you feel about getting a mortgage and seeing such a serious commitment stretch so far into the future? I'm mainly talking about the emotional side of things rather than financial

you are viewing a single comment's thread
view the rest of the comments
[–] Brewchin@lemmy.world 2 points 3 months ago* (last edited 3 months ago)

Terrifying. I did mine nearly 30 years ago with nothing more than a couple of years of decent salary and the belief I'd be able to get a similar salary elsewhere if needed.

It worked out in the end. I'm in IT, and ended up working for a startup that floated and the ~~monopoly money~~options became actual money, so was able to pay off my mortgage the year before COVID hit. It's made things immeasurably easier.

Not sure how things would be in the current situation of gigs, near-zero job security, etc. Really feel for those of you in that boat. It suuucks.

But life goes on. Roll the dice and trust that you can make the best of it, I think?

Edit: Ask yourself if you want to keep paying off someone else's mortgage and own nothing, or pay off your own.