• 11 Posts
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Joined 2 years ago
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Cake day: March 29th, 2024

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  • Compared to renting, you pay substantially more when you own. Maintenance, repairs, insurance, property taxes, full utilities. Mortgage is just the base you pay.

    At the end of the day, sure you own the house, but all those extra expenses don’t go away. Lately I have been seeing retired home owners selling because they can’t afford all the upkeep so they end up moving into a smaller unit.

    Decades ago buying was a no brainer, but do you really think houses will continue to appreciate at this rate? Will a 2 bedroom run down bungalow really be worth 2 or 3 million in 10 years? At least with renting you can invest that money you save from not buying and get a guaranteed return.

    For the record, I’m not saying not to buy, but you should not just buy because you think it is a good financial decision. It might not end up being the case depending on where you live















  • My parents were trying to guilt me the last few years that it will be my responsibility to look after them when the time comes that they need a caregiver.

    I told them they could live with me if they are independent, but if they need professional care, then we would move them where they need to be for that, like a retirement home.

    My parents were both offended by this clearly, but I saw what happened when my parents tried to be the caregiver to my grandfather when he got very old and it nearly tore our family apart basically having to have shifts to go and take care of him all so he could sit in a chair in his house. It sacraficed years of our lives and I delayed going to college for several years because of it. Family members are not professional caregivers and trying to be results in bad care and delays the inevitable of needing to go to a home.

    Despite explaining all of this to them and them knowing how hard it was taking care of an elderly parent, they still feel like I have to do it. I asked them, “Did you only have kids to make sure someone will look after you when you are old,” and they get all flustered by that and never give a straight answer.

    They have given up on me now and are currently guilting my siblings to look after them some day.