yeah, i’ve had a stable relationship for nearly four years now, and we need our own place to make the next steps in our life i reckon
i’ve been using this tool called mortgage.monster where you can put in a view of rates expectations and property value (it doesn’t let you put inflation expectations in though)
but even under extremely shit conditions (persistent 5% rates that fall to 3% in 5 years, and a 25% drop in property market followed by sub-1% growth for 30 years) it still seems like you’d build your equity up with time
inflation can obviously make a massive impact over that sort of time period, but there’s not much you can do about that
feels like in almost all cases i’m probably better off just biting the bullet, buying, building equity - didn’t used to be the case when renting was cheaper, but certainly feels like buying sets you better off now (especially if you want to build a family which i do)
yort
npub156…03y3s
2023-04-29 09:22:56
in reply to nevent1q…r249
Author Public Key
npub156ndcn2xqlav8wrty2gk8x9qtmen7wx2uhl2hmrxsvkwq2duza2sw03y3sPublished at
2023-04-29 09:22:56Event JSON
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"content": "yeah, i’ve had a stable relationship for nearly four years now, and we need our own place to make the next steps in our life i reckon\n\ni’ve been using this tool called mortgage.monster where you can put in a view of rates expectations and property value (it doesn’t let you put inflation expectations in though)\n\nbut even under extremely shit conditions (persistent 5% rates that fall to 3% in 5 years, and a 25% drop in property market followed by sub-1% growth for 30 years) it still seems like you’d build your equity up with time\n\ninflation can obviously make a massive impact over that sort of time period, but there’s not much you can do about that\n\nfeels like in almost all cases i’m probably better off just biting the bullet, buying, building equity - didn’t used to be the case when renting was cheaper, but certainly feels like buying sets you better off now (especially if you want to build a family which i do)",
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