I want to spend 60% of my assets buying a studio apartment. I wanted to know your opinion on whether it's worth it or not. In my country, I would have to spend 37% of my monthly income just to finance a real house and I would have to spend 81% of my monthly income just to survive.If I bought this studio apartment, I would only spend 43% of my monthly income to survive. I have money to buy furniture and basic utensils, and I would still keep ~25% of my assets.I'm a person without friends, I don't throw parties. I only leave home to work and when I'm not sleeping I'm just on the computer. Nor am I a person who is demanding about space. I currently live in my parents' house.>inb4 go to /adv/ or /biz//r9k/ is my favorite board, /adv/ is a good board, but slow and many posts are ignored, 99% of /biz/ only talks about cryptocurrencies.>inb4 stay at your parents' house as long as possibleFinancially, this would be the best option for all of humanity, but like most people, I will move out of my parents' house.>inb4 just rent a houseIf I rent a house, I will spend ~80% of my monthly income just to survive.
>>84420897those one room for everything apartments are kinda ass to live in
>>84420944also houses have their own problems in comparison an owned apartment
>>84420897Buy a house you can turn around and rent to a family in a suburban development. Preferably without an HOA. So all you do is like a 200$ deposit and charge them like 1,500 3,000$ a month in rent from a working family, then you can work and make extra bank.
>>84420897I'm not a burger, but I know you'll probably need to save more money for the house buying process than you think. Surveys, solicitors, conveyancers, pointless government tax bullshit and all of that can get expensive. Run through ChatGPT the list of things you'll need to spend on the process where you live.I put a big deposit on a house and I spend about 24% of my monthly income on the mortgage. On top of that I'm paying another 12% on all utilities and taxes, so 36% or so goes poof into the ether after payday. I'm currently saving about 15% of my income after all other monthly expenses. Having a house is really nice, but things can get expensive fast when you have shit like insurance and just bad months happen.
>>84420971>Buy a house you can turn around and rent to a family in a suburban development.I can do that. The house I'm interested in might attract some people to rent or maybe even buy it.>and charge them like 1,500 3,000$ a month in rent from a working familyThe lowest income bracket in my country would spend 50% of their monthly income just to rent this specific house. Most would spend around 25%. I can't charge too high a price for this particular house; there are houses in my country where the lowest income bracket would only spend 31% of their monthly income on rent. I don't have the financial means to buy a high-end house for someone in my country who earns well to buy.>then you can work and make extra bank.That's a good idea. But most people who do that are boomers, and I'm not one of them. Our generation can't afford a 6-bedroom house after working for a few years; nowadays, in most countries, our generation can only afford a small house after many years of work. And I'd have to deal with deadbeats, problematic tenants, and tenants who literally damage the house.
