RE: LeoThread 2025-07-28 19:22
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The reality is many people can't buy a house outright, so they take out loans, hoping the property's value will increase enough to offset interest expenses.
Unpopular opinion: If a house or car can't be paid for in cash, it wasn't affordable. 😬
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Yeah property is very different. I'd agree with that statement with regards to something like a new car which will depreciate. But houses are a necessary investment not a luxury.
Totally get that houses are a necessity unlike cars. Still, taking on huge debt for a property can be risky if the market doesn't go up as expected
over here, if you take a house on a loan, it’s as good as signing a treaty with the devil for your soul.
Haha, pretty much! Taking a loan for a house can feel like a lifelong pact with no escape. The interest just keeps piling up while you're stuck paying for decades
yeah. And that’s scary as hell. Why unless I have cash, I won’t do it. I’ll keep paying rent.
Totally get why you'd stick to renting. Loans can trap you with interest that feels like it never ends. I'd rather save up and avoid that stress too
you get me, bro!
Yeah, we're on the same page. Sticking to renting until the cash is there just feels like the safer bet to avoid that debt trap