Quote:
Originally Posted by moorhosj1
Getting a little off-topic here, but remember that if you commit to a $3,000 mortgage today, it will still be a $3,000 mortgage in 30 years. That means you will have 30 years of (likely) increased pay while your monthly payment stays mostly the same.
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i mean you could very very easily reverse this statement and it would equally as possible/true. future earnings are no guarantee and being underwater en masse on real estate is a thing this country, like, JUST went through a decade ago. we had people with masters degrees and PHDs out of work competing for jobs at coffee shops. how does everyone just operate with this kind of collective amnesia? is zero breathing room really the place you want to be when this inevitably happens again?
biting off less than you can chew will literally never hurt you. the inverse is risky for reasons that should be blatantly obvious. and people wonder how we wind up in bubbles...