Very few people realize that a good portion of grief we see in our lives comes from jumping into things we had no business jumping into at that specific time IN our lives. This is especially true when we do it without a safety net.
If you’re thinking about to getting married, why in all hell wouldn’t you move in with him/her for atleast a year beforehand so you can even see if you’re compatible? Oh you’re worried about what your family thinks…thats right. Lets go zero to 2000 because your mother who’s been married 4 times told you to.
If you’re trying to buy a house, and you’ve never eeeever bought a house before, why aren’t you renting a similar house to the one you want to buy? Even if its for just 12 months? Oh, because it would be cheaper to buy? Errrnt
Five words: “closing costs” to get in & “real estate commissions” to get out .
And did I mention the first 8 years of a mortgage is just about all interest?
If you just have to have that new exotic whatever car that just came out, why aren’t you looking for upscale rental locations so you can live with it in your possession for two weeks? Oh you’d rather apply that money to the car huh? Never heard of CA tax title and depreciation have you?
Moral of the story: Its extremely smart to learn how to dip your toe into things before you dive in and immediately drown. There are dumb people who rent forever* and there are dumb people who buy everything they see. Then there are those who rent before they buy so they can figure out what in the hell it is they really want in life.
Now imagine if you were able to rent your degree before you bought it.
And thats all I have to say about that.
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**The only dumb people rent forever are those who don’t invest at the same time! Market returns beat housing returns in any set of data you can gather on the subject.