Quote:
Originally Posted by dredge
[You must be logged in to view images. Log in or Register.]
why is buying a house a "LOLNO"?
home prices are probably never going to be lower than right now, you could put your 15k into an investment that will most likely raise in value and create equity.
Or you could buy a car that is worth LOLNOthing by the time you pay it off.
Just be smart and buy a house that is already rock bottom cheap and rent-able in the future, like near your campus,
but I get the impression that your not really here to listen to any advice anyways.
I would probably put the money into a savings account for a rainy day, what happens if you get pregnant or decide to get married? How you going to pay for that? What happens if you come across a business opportunity or investment? How about putting it into a retirement fund or your future child's college fund? etc..
What happens if you get hospitalized and can't work or go to school? What happens if you graduate and can't find a job and the student loans start rolling in? Don't laugh it is happening to a lot of grads today.
|
I already have a job that I can live "comfortably" on. I'm not worried about being unemployed any time soon. I don't want to buy a house because I'm not going to be in New Mexico forever. Once my Masters is over I am thinking about pursuing a PhD in Denver or Chicago.