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Hazzia ,

Houses are overrated.

Seriously, even if you can technically afford it, if you’re not still flush with cash after close, it’s just infinite stress.

The main issue is that you are now locked into the area around your home. Unless you’re making so much to be able to afford a house AND appartment rent, your job opportunities have become that much more limited since remote job offerings are on the decline. Relocation assistance is a thing, but if your house purchase is at all recent, still a good chance that selling will put you in the red.

You also have to pay for any repairs or improvements in the event that the only house you could afford is old and not up to safety regulations. In my case, I also have interest rates to worry about. I bought my house while they were on the rise and locked in above my comfort zone (not in a “i’m about to bankrupt myself” kinda way, don’t worry) in hopes that they’d go down and I could refinance, but obviously they havent, so what should be a comfortable payment for me at 3% (~$1100) is instead a “wow I can literally never have fun anymore” payment of $1850 at 6.5%, and will remain so for the forseeable future. Also: Because the only affordable place was like an hour from my job, gas money’s eating a hole through my soul as well.

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