I'm sure many of you have heard that the white house has said that a recession isn't inevitable, which makes me think that it is, in fact, inevitable.
I've purged unneeded subscriptions, eating out, and now I only travel by car when necessary, which is fairly often unfortunately. what else can be done to soften the blow?
I think the western world, especially USA and Canada, is in a really weird situation where they arent building adequate housing... at all, to keep up with the population growth and landlord ownership rates. Meanwhile, landlords are buying everything up with very few limits stopping them. Many cities have seen the share of rentals go from 20-30% to 50-60% in ~5 years coupled with low new build rates. Odds are if you buy now you'll get money out of it. If not, well, at least you'll get some equity out of it.
Also, rents are soaring so high that honestly locking into a price with a mortgage is a safer bet. In a year the mortgage will be cheaper than rent.