Well, let’s hope there is no crash. Unfortunately, I’m part of the suckers with high interest rates and likely an overpriced home.
I’m paying nearly 3 times more than my previous rent payment. I was saving close to 2k a month! I could travel whenever and pay that shit off immediately. I didn’t have to be so many conscious about how I spend. I wasn’t responsible for high end issues in the crib (water heater, air unit, etc).
Now, property tax going up, insurance going up, cost of living in general going up, and hardly any of these payment are going to the principle.
I’m making bigger moves, so I can’t say that owning a home hasn’t pushed me to the next level, but I really do miss saving $2k a month (hell sometimes it was $2500 a month saved).
I’m already over this bullshit. But that peace of mind of not having to worry about being booted out of a rental for whatever reason is invaluable.
