Anyone on here up for giving a young #bitcoiner some advice? Life is getting as hectic as a shitcoiner trading meme coins.
I’m 24, I got engaged and a week later found my fiancé is pregnant. Fantastic news, can’t wait to be a dad.
Trouble is we are both living with our parents, cool need to find a place to live.
Question is #rent vs #buy?
Everything I have learned over the past 2 years or so is a house is a massive debt trap. House prices in my area of the #UK (south East) are high and rent is probably similar maybe a bit more than a mortgage.
My fiancé (a true superstar) is great at saving as more than enough for deposit where as I have almost nothing (no one’s fault but my own here). However my earning potential is much higher than hers and I would expect to take over any mortgage or rent payments once I get my next role (should see a big bump in pay - IT support -> Cybersecurity)
I have no interest in remaining in the UK long term (5 years max) so I’m really not comfortable buying a house, but wouldn’t be opposed to it.
My idea is to rent for a year or so, so that I can get this next job and then look for somewhere cheaper to live/be able to afford a mortgage
Everyone seems to be telling me not to rent, but these are the same people telling me that Bitcoin is a waste of time etc. I’m incredibly conflicted right now.
Any #advice welcome 🙏🏽
#asknostr #bitcoin #housing
Autodidact / JumpSpotJulian
npub1f2…z78qn
2023-11-28 22:13:55
Author Public Key
npub1f2jmj66ulsv5p3hqngd4c8lw7q7p2v8sal5etdshspkj5yf7x0fq9z78qnPublished at
2023-11-28 22:13:55Event JSON
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"content": "Anyone on here up for giving a young #bitcoiner some advice? Life is getting as hectic as a shitcoiner trading meme coins. \n\nI’m 24, I got engaged and a week later found my fiancé is pregnant. Fantastic news, can’t wait to be a dad.\n\nTrouble is we are both living with our parents, cool need to find a place to live.\n\nQuestion is #rent vs #buy?\n\nEverything I have learned over the past 2 years or so is a house is a massive debt trap. House prices in my area of the #UK (south East) are high and rent is probably similar maybe a bit more than a mortgage.\n\nMy fiancé (a true superstar) is great at saving as more than enough for deposit where as I have almost nothing (no one’s fault but my own here). However my earning potential is much higher than hers and I would expect to take over any mortgage or rent payments once I get my next role (should see a big bump in pay - IT support -\u003e Cybersecurity)\n\nI have no interest in remaining in the UK long term (5 years max) so I’m really not comfortable buying a house, but wouldn’t be opposed to it.\n\nMy idea is to rent for a year or so, so that I can get this next job and then look for somewhere cheaper to live/be able to afford a mortgage\n\nEveryone seems to be telling me not to rent, but these are the same people telling me that Bitcoin is a waste of time etc. I’m incredibly conflicted right now. \n\nAny #advice welcome 🙏🏽 \n\n#asknostr #bitcoin #housing",
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