Submitted by money_mase19 t3_yhl9fo in personalfinance
girlfriend and i are 31, basically married, very stable and been living together for long time.
i currently started new career, first time in my life making "real money" @ 90k a year.
girlfriend does gig work and brings home maybe 40k with untraditional schedule.
we currently rent and its basically dirt cheap for my area, have been here for a while and havent gotten a price hike (yet) so i was able to max out 401k this year
however, we are def in a financial position to own. especially if i pull back on 30% savings rate. Yes, rates are crazy hike right now, but if we wait a bit might have more options and can re-finance loans. i regret not buying in my town 10 years ago, bc prices have tripled.
Will it always be smarter financially to own? im not sure if we can get a mortgage as low as our rent, BUT you are always building equity...