Gary Janosz
2 min readJul 1, 2021

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That's great advice, why save the big questions until later? The longer you wait the more difficult it is to break it off. Concerning rent vs buy, how can you be assured rents won't keep rising? There a housing shortage and there is a potential deluge of climate change refugees. Owning means securing a payment that won't continue to rise, plus building equity. And I don't want to confuse this with the city/suburb question. I don't think the only reason people choose the suburbs is to buy a home. Raising kids is also a factor, maybe weighing in towards the suburbs. I've often thought I could live in San Francisco, but I don’t think I’d want to raise a family there.

13% said their mortgage payment is too high each month

I understand getting into a mortgage payment that’s too high. But the payment is clearly specified, it would hardly be a surprise. Many people simply stretch themselves too far. An important article, good questions to ask, and great things to consider.

15% said their current home is in a bad location. Location is a big deal, as big a deal as the house itself. But you have to wonder, why did you buy there in the first place, it’s not like the home can migrate to a crappy location.

21% of millennials said the maintenance and other costs are too high. I see this as a trade-off with building equity. When things go wrong I try to improve things, add value to the home.

9% said they don’t think the home was a good investment. I guess I wonder as opposed to what. Unless your rent is a lot cheaper than your payment, at the end of 30 years of renting you have a pile of receipts. If you buy you own the property. There always seems to be close parity between rent and a mortgage payment.

If you opt to buy, you might find this helpful. You don’t have to pay all that interest on your mortgage.

https://medium.com/personal-finance/3-ways-to-destroy-your-mortgage-b92736310775

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Gary Janosz
Gary Janosz

Written by Gary Janosz

Finding the humor in a world of frustration. Always learning, usually the hard way.

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