Comment by scarface_74

I actually agree with you:

https://news.ycombinator.com/item?id=36307059

But my former home is rented to our son at a discount to its market value to help him out and it offsets most of the holding cost. But I still lose money. That’s the only thing that the extra money is going to - offset the mortgage.

Honestly, my fixed costs are actually lower than they were before I started working for BigTech when I was working as a journeyman CRUD developer making less than a returning intern got at my current company.

I was making $120K when I had my house built in the burbs in 2016 and paid 3.5% down with an FHA mortgage. I was the only one on the mortgage.

If I had still been making that, I would have sold my house that doubled in value over the past six years and paid cash for my place in Florida.

My total expenses including mortgage and all utilities is less than $3000 where I live now. I was paying more for my mortgage, utilities, maintenance.

Even without that, my 1250 square foot condo I bought in 2022 was the same price I paid to have my 3200 square foot house built in 2016.

The amount we pay for Uber or SixT is about the same as we paid for one car note + maintenance on an older car + car insurance.