@[email protected] to Ask Lemmy • 4 months agoWhat's the most irresponsible purchase you made that you don't regret?message-square259fedilinkarrow-up1279arrow-down16
arrow-up1273arrow-down1message-squareWhat's the most irresponsible purchase you made that you don't regret?@[email protected] to Ask Lemmy • 4 months agomessage-square259fedilink
minus-square@dohpaz42linkEnglish8•4 months agoI merely meant that buying a house at a high interest rate is the irresponsible part. But yes, everything you say is true.
minus-square@[email protected]linkfedilinkEnglish11•edit-24 months agoI’d argue even that being irresponsible. yeah high rates suck but you’re still paying on an asset, not a black hole. Also, mortgages can be refinanced if/when rates drop later.
minus-square@Archerlink2•4 months agoI refinanced at 3% then did a HELOC to pay for a new roof. One of the best decisions I ever made
I merely meant that buying a house at a high interest rate is the irresponsible part. But yes, everything you say is true.
I’d argue even that being irresponsible. yeah high rates suck but you’re still paying on an asset, not a black hole.
Also, mortgages can be refinanced if/when rates drop later.
I refinanced at 3% then did a HELOC to pay for a new roof. One of the best decisions I ever made