this post was submitted on 20 Jun 2023
51 points (100.0% liked)
World News
22023 readers
33 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yes, same. I considered buying but given the 3% increase in the interest rate we saw, I'm just going to keep renting and hoping that things come back down before I'm 100 years old.
The only reason I got away from renting, even with the interest, was that it was still gonna be $100 cheaper, except +1 bed +1 bath and I actually OWN it.
Plus, with my loan the interest rate can't go any higher, but can be refinanced if things go lower. So since I was basically break even on the current interest, I decided to take it.
I sort of like the idea that I can just... leave... and not worry about having an expensive albatross hanging around my neck. And my rent is low for the area so I'm doing better for now renting. I'd like to own eventually, I guess, but I prefer not to spend more per month if I can avoid it.
My rent was gonna go up $300, so that made it pretty easy as well haha. (I woulda stayed renting too if it had been cheaper /month)