Hacker News new | ask | show | jobs
by Analemma_ 1038 days ago
I bought a condo in 2021 (at a fantastic interest rate), and am currently regretting it deeply because my life circumstances changed and I probably need to move to a different state, meaning I need to either sell the place at a considerable loss or become an out-of-state landlord, which I don't want to do and is unlikely to turn a profit for me.

The flexibility of renting is a real and important phenomenon: people's lives change unexpectedly sometimes.

1 comments

I regret not buying an apt in 2021 at a fantastic interest rate. Even though I moved since then, it would have been very easy to rent it, and inflation would have paid for it.

Since then, interest rates have only increased, and in my location, real estate is at a record high. It's been increasing pretty much since the 90s without a break. I don't believe a bubble will break any time soon. Also, materials/energy is getting more expensive, there's a lack of labour, so even building/renovating places isn't an option.