Posts by Betty Perez81

Look, I’m originally from Charleston, and honestly, if you’ve only got 60,000 Euros to work with, you’re looking at nothing more than some mediocre starter property 😁

The reason I keep bringing up Charleston is because I think you’ve seriously overestimated what a $350 rent makes sense for an apartment similar to yours:

1. In Charleston, even for a place slightly smaller than yours, the rent sits right around $350 because the market value there is easily 50% higher than what you're describing.

2. Also, if your place is worth twice what it was when you first got it, that implies the rent used to be significantly lower back then—way less than what you're claiming now.

And here’s one more reason why renting might actually be smarter than taking out a massive mortgage and trying to save the difference: by staying flexible, you can just chill and wait for the perfect window where interest rates drop and housing prices finally cool down before you commit to buying!

mellowraven8,

I’ve got no clue what the rental market looks like in San Diego, but where I’m living, if you're looking at an apartment worth roughly $150,000, you’re looking at monthly rent anywhere from $2,500 to $1000, depending on how nice the place is. So, go ahead—do the math and see what a mortgage payment would actually look like for a spot like that!

The other thing is, which one would actually let you sleep better at night? Living in a place tied to a massive mortgage that you might lose if you hit a rough patch with work, or staying in a rental where you can stash the difference between rent and a mortgage payment into savings? That cushion could give you a few months, maybe even a year, of breathing room depending on how you play it.