Quote from: nullama on September 13, 2024, 04:54:48 AM

Quote from: icalical on September 13, 2024, 04:12:27 AM

~snip~
oh yeah, I do agree that when you want to settle and grow a family, buying a house is a better option, but that's definitely required a lot of money, so that's why, when we are single and doesn't have much responsibility renting small apartment in the central area of the city is much more reasonable then buying house in a suburb.

Most mortgages these days are for 30 years, so you have to be relatively young to get it in the first place.

If you are in your 40s, 50s, then the chances of even getting a mortgage might start to decline, as you would have to be paying for the mortgage after your retirement age.

I'm not sure what will happen, but clearly things are changing, and home ownership age is increasing.

But at the end of the day, if you are paying for your mortgage for your entire life, then it's almost the same as renting in the end.

Quote from: dunfida on September 13, 2024, 05:30:26 AM

Quote from: nullama on September 13, 2024, 04:54:48 AM

Quote from: icalical on September 13, 2024, 04:12:27 AM

~snip~
oh yeah, I do agree that when you want to settle and grow a family, buying a house is a better option, but that's definitely required a lot of money, so that's why, when we are single and doesn't have much responsibility renting small apartment in the central area of the city is much more reasonable then buying house in a suburb.

Most mortgages these days are for 30 years, so you have to be relatively young to get it in the first place.

If you are in your 40s, 50s, then the chances of even getting a mortgage might start to decline, as you would have to be paying for the mortgage after your retirement age.

I'm not sure what will happen, but clearly things are changing, and home ownership age is increasing.

But at the end of the day, if you are paying for your mortgage for your entire life, then it's almost the same as renting in the end.

If you are already old or someone whose really that in 40's on which 30 year plans or mortgage isnt something that would really be approved by banks or any financing or developer in regarding into your unit.
Of course they would really be trying out to secure that they will not be able to get some loses because approving someone whose really that old which most likely they will really be failing out on finishing the contract.
As we do all know that banks wont really be that stupid enough for them to make out that kind of approval. In speaking about investment with Bitcoin or buying up your own house then it will really be just that depending on you on which whether you would really be focusing on buying up Bitcoin instead on saving up for your dream house or you would really be that saving up for you to buy Bitcoin on which it would really be entirely depends into your preference and plans or liking.

I do really always love the idea on having that renting even if we do say that Bitcoin doesnt exist. Why? There would really be factors on which you would really be needing up to consider
whether you should be taking up the rental path or would be making your own house. If it turns out that it would be practical to leave on an apartment just because your job is really near
or your kids school is nearby in comparing when living on a place which is too far off and having that huge expense to gas then its impossible that you cant really be able to make out such comparisons.

What I meant was renting house when we don't have any responsibility so we can save more money, so later on when we have family we can buy the house in either full-cash, or in short-term installment, like less 10 years. In that case we don't need to pay 30 years of mortgages, but then again, I don't know if it's applicable in other countries but from where I can from it is still doable.