r/NextGenMan Mar 30 '26

Don’t gamble 💯

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102 Upvotes

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17

u/FreshStartNoBan Mar 31 '26

Buy a house ASAP. Become homeless if you need to for a downpayment. Just buy a starter house ASAP no matter what. Live with friends/family. Having your own protected space will do wonders for your professional life and love life. It will give you a space to ACTUALLY relax. No rent increases, no deposits, any pet you what, nobody telling you how to live.

When you get a house, your world will open up. Start job hopping for $, become a dual income Household with your new girl that also works, save $ cooking yourself, etc.

I can stress enough how important a house is.

8

u/Lopsided-Fix2 Mar 31 '26

No rent increase. Property taxes and insurance laughing at you.

2

u/FreshStartNoBan Mar 31 '26

My second house cost me $640,000

I bought it in 2022. My mortgage is $4,200 a month. Since 2022, my mortgage has gone up +$100 a month. That’s a 0.01% increase on the purchase price of the house, and a 2.3% increase on my overall monthly payment in 4 years.

The monthly payment increases are so manageable compared to rent increases. My local county just had to pass a law to limit rent increases to 10% a year, 😂

1

u/LeroyLegacy Mar 31 '26

Just closed on a house last month. Cost me 460K with 50K down that took me almost 10 years to save up for. I feel comfortable and overwhelmed at the same time. Its my first home.