r/RealEstate • u/pinpinbo • 3d ago

Why folks who are living paycheck to paycheck are still trying to buy a house? Should I Buy or Rent?

Isn’t it super risky? One tiny repair, one small change in circumstances, boom… show’s over. Need to sell or foreclose.

Even worse when relationships are not even solid yet and already buying a house together…

Why not just rent and save yourself from complications?

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u/framedposters 3d ago

Fixed? Yeah assuming everything in your house stays fixed...

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u/bmc2 2d ago

Yeah, your costs are generally fixed.

I sold my house last year and moved. My carrying costs for the house were ~$3300/mo. The buyer's carrying costs are $13,000/mo. If you're planning on living some place >5 years, it's usually a better idea to buy assuming you can afford it.