65
submitted 3 months ago by Worx@lemmynsfw.com to c/asklemmy@lemmy.world

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
[-] MajorHavoc@programming.dev 8 points 3 months ago

It's daunting, and it should be. A person can lose a lot of money and time by buying a lemon of a house.

That said, most people don't pay off their first house, because they move before the 15 or 30 years is up. And that's okay.

As Dave Ramsey says, "It's a house, not a marriage." Meaning, if it turns out a house doesn't suit you, sell it. You can't hurt it's feelings.

Before my first house, I didn't realize how much I would appreciate not having to get permission to fix / paint / change my own wall / door / shelf / window blinds.

I also didn't realize how much I would grow to despise having a Homeowners Association (HOA) up in my business.

[-] shortwavesurfer@monero.town 1 points 3 months ago

Oh dear God, I specifically mandated that I would absolutely not live in an HOA for this exact reason. And boy am I glad I did it. I'm an American damnit. If I want to have two broken down cars on blocks in my yard, then damnit I can. LOL. No, I wouldn't do that. But it's better than an HOA.

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

Ask Lemmy

25793 readers
903 users here now

A Fediverse community for open-ended, thought provoking questions


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