I had the opposite. In 2007 my mom convinced me it’s conventional wisdom to buy as much house as you can afford, because historically it is one of the best investments you can make.
Thankfully all I could afford at that time was a pretty cheap house…
We went for a house somewhat below the maximum we could borrow, hardly cheap because nothing is cheap. But I am happy with it and don’t see any reason to move. I just want to pay off the mortgage and hopefully retire early. Why the fuck would I want to work years longer just to have a house that costs more?
We also bought under our maximum budget at the time. Good call as well because my partner got sick and had to stay at home for a year. We had to use a lot of our savings that did not go into buying a house to pay our bills.
I had the opposite. In 2007 my mom convinced me it’s conventional wisdom to buy as much house as you can afford, because historically it is one of the best investments you can make.
Thankfully all I could afford at that time was a pretty cheap house…
We went for a house somewhat below the maximum we could borrow, hardly cheap because nothing is cheap. But I am happy with it and don’t see any reason to move. I just want to pay off the mortgage and hopefully retire early. Why the fuck would I want to work years longer just to have a house that costs more?
We also bought under our maximum budget at the time. Good call as well because my partner got sick and had to stay at home for a year. We had to use a lot of our savings that did not go into buying a house to pay our bills.