this post was submitted on 15 Sep 2023
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Asklemmy

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[โ€“] [email protected] 14 points 9 months ago (2 children)

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.

[โ€“] Acters 6 points 9 months ago

Alternatively, buy a plot of land from an area less desired by the general public. Have the house built yourself, and move in. House buying is not smart unless you are pressed for time, which is not a smart way of handling it as you should take your time with houses.

Buying a house or land in an area that is saturated with demand is also unwise. Live within your means. Most who are able to afford land and house are more than capable of affording more time away from the job or remotely work. If your job requires a lot of your time, then it is more wise to just rent a small room and take vacations outside the area. There are a lot of factors in place when you consider a house, and you made great examples.

I am sorry about the interest rate. A 6.5% rate is not the worst but disadvantageous because, historically, most ROI for safe investments are 5%. This means it is more beneficial to pay off the house than it is to diversify while you are paying the house. Which is bad because you should be diversifying your portfolio. My sister has a 2% interest rate, she is so lucky and I tell her to diversify instead of putting all her money towards paying off the house.

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[โ€“] [email protected] 13 points 9 months ago

Education? I guess I learned a lot from it?

[โ€“] [email protected] 11 points 9 months ago

Dining out isn't a substitute for therapy.

[โ€“] [email protected] 11 points 9 months ago (3 children)
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[โ€“] [email protected] 10 points 9 months ago

Fuck, all of this is depresing to read. I havent had had any mayor fuck ups like the ones in here so my only contribution would be to not lean into bathroom sinks since they are not as firm as they look, not even if they are welded to the floor via concrete, just wash your hands or your teeth or shave or wathever away from the sink, since the motherfucker breaks easly.

[โ€“] [email protected] 8 points 9 months ago

I have ADHD.

[โ€“] rip_art_bell 8 points 9 months ago* (last edited 9 months ago)

Practice/passion/skill > gear in music

And Gear Acquisition Syndrome is a real disorder

Don't get into modular synths unless you have serious $$$

[โ€“] [email protected] 8 points 9 months ago (1 children)

Don't ever trust a friend in business. Maybe it works out, maybe you almost lose everything.

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[โ€“] [email protected] 8 points 9 months ago (4 children)
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[โ€“] [email protected] 7 points 9 months ago

Don't know if it is that expensive for others or not but just sharing cuz it might help someone.

You don't need to be a dad in order to make dad jokes.

[โ€“] [email protected] 7 points 9 months ago (2 children)

Don't try to update the BIOS of a generic x86 mini-server if the manufacturer does not offer it on its website. I didn't learn the lesson the first time but I certainly did the second one. $200-ish down the drain that way

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[โ€“] Trigemeny 7 points 9 months ago

Wear a condom.

[โ€“] Jarix 6 points 9 months ago

I should never have been born

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