i live in a pretty small place (as far as cities go), it’s not a small-small town, but it’s only 100k population spread out across quite a massive area
there’s still a few 800-1000 sqm blocks / established homes floating around the place, which i think would be ideal for myself and my future family
i can buy something established that needs some work for $450k if i’m lucky and find a good deal
i’ve always hated debt which is predominantly why i was asking this question to begin with, but it’s a bit of a stalemate situation
rent is ridiculous atm ($500+ AUD per week is the median here), so you can’t really save all that much while having to pay that (especially while i’m the sole income earner)
but then repayments on a home loan would be about the same for a $500k-ish home with interest rates where they currently are
but then it’s difficult to feel settled enough to start a family when you don’t own your home, or have stable living conditions (last rental we were in just sold at the end of the lease term, so we couldn’t resign, so forced back into competing in the tight rental market)
i’m stacking as much bitcoin as i can, so we’ll see where that gets me 👍🏼 (i’m just conscious that i’ll probably have to pull the trigger on purchasing a home some time in the next couple years so i can start building a family)
yort
npub156…03y3s
2023-04-21 00:22:33
in reply to nevent1q…x9dl
Author Public Key
npub156ndcn2xqlav8wrty2gk8x9qtmen7wx2uhl2hmrxsvkwq2duza2sw03y3sPublished at
2023-04-21 00:22:33Event JSON
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"content": "i live in a pretty small place (as far as cities go), it’s not a small-small town, but it’s only 100k population spread out across quite a massive area\n\nthere’s still a few 800-1000 sqm blocks / established homes floating around the place, which i think would be ideal for myself and my future family\n\ni can buy something established that needs some work for $450k if i’m lucky and find a good deal\n\ni’ve always hated debt which is predominantly why i was asking this question to begin with, but it’s a bit of a stalemate situation \n\nrent is ridiculous atm ($500+ AUD per week is the median here), so you can’t really save all that much while having to pay that (especially while i’m the sole income earner)\n\nbut then repayments on a home loan would be about the same for a $500k-ish home with interest rates where they currently are\n\nbut then it’s difficult to feel settled enough to start a family when you don’t own your home, or have stable living conditions (last rental we were in just sold at the end of the lease term, so we couldn’t resign, so forced back into competing in the tight rental market)\n\ni’m stacking as much bitcoin as i can, so we’ll see where that gets me 👍🏼 (i’m just conscious that i’ll probably have to pull the trigger on purchasing a home some time in the next couple years so i can start building a family)",
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