I got tired of renting, and I looked it up, I realized I'm paying the equivalent of a $300k property for a standard 30-year mortgage in rent. And a $300k house is much nicer than my apartment.

I saw a $50k condo down the road from me. It looks not quite as good as my current apartment. Getting a mortgage for something like that is much better than renting, right?

  • EmmaGoldman [she/her, comrade/them]M
    ·
    3 years ago

    I definitely don't recommend making any investments based on a raise you don't have yet or a possibility of a better job you don't have guaranteed. Never a good idea to count your chickens before you even have any eggs to hatch.