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Share with those less fortunate
(startrek.website)
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this post was submitted on 04 Oct 2023
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Yeah but now you have a concrete asset on which you're gaining equity.
Before you were getting nothing for all that money you spent on rent. Now you're getting equity for it.
I know this will likely change as time goes on, but so far I’ve lost value and I’m under water by about 10% according to what I can suss out of the market value. And, my mortgage is 2.5x what I could be paying in rent most anywhere else in the region, which is its own stressor yannow. Everything is just a bit wonky right now.
I have no debts, 10k in savings, and I live in a van 🙃
You have a higher net worth than most millionaires!
Another great episode of Why Next Worth is a Terrible Indicator of Wealth!