Quote:
Originally Posted by DreamerSD23
It is ridiculously stupid to buy a house in our situation.
It is not comparable to going to college. The skills and the degree you get will stick with you forever.
The house you buy will be repossessed if things go south more than they are right now for us.
And it is not a matter of building equity and saving rent money when you buy a house. The first 5-10 years of a mortgage will go to paying the interest only. So in an emergency situation (e.g. SCOTUS striking down DACA) where you have to sell it, you would have lost more money by paying the real estate agent commission, mortgage interest, fees and taxes etc... than you would have paid in rent.
|
Exactly. With my degree in accounting and fluent English if i go back to my home country i can earn way more than i earn here in US working for big 4. On the other hand you can't take a house with you.
Last edited by Outsider626; 05-18-2019 at 02:01 PM..