An option for me to buy a house has come up very suddenly and it seemed like a good idea at first - but I look at a mortgage and think “that’s 15 years I’ll spend paying back, at absolute minimum. Probably more like 25 years” - how can I possibly plan that far in advance?
So, how did you feel about getting a mortgage and seeing such a serious commitment stretch so far into the future? I’m mainly talking about the emotional side of things rather than financial
In the UK, rent is substantially more than mortgage repayments.
Landlords will cry about their maintenance costs but I’ve never seen any maintenance that wasn’t the cheapest fix possible by a cowboy family friend.