Investment House Income
Investment House Income

How can I get more than a mild depression about being 'house-poor'?

I just got a bit of a bank statement I say how much money I get just to have money. The number is quite sweet. But I'll stop being an investor, and started to become homeowners. Mortgage payments will not be substantially higher than my current rent, but property taxes, utility increases, the need for car ownership, etc., etc., will all mean income less disposable, ditto zero investment. Why does this seem to suck in some ways despite how solid an investment house? If confused, Google search will explain "Poor house" pretty quickly. http://www.investopedia.com/terms/h/housepoor.asp etc.

It seems to suck because you are transferring some of the current standard You live for the future security. When your parents definitely wont suck. Try to make a project out of making the most of the money you have. When you buy a car, make sure it has good fuel economy. When you make your budget, try to make room for some fun things to reward yourself for being smart about your money. I wish you luck, but I think you make your own luck. Very wise. Best wishes.


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