Fair point yeah. I’m admittedly lucky with my office being so close but if I actually wanted to own my own property (I’m renting right now) I’d have to move way out to a neighbouring town which would put me at a similar commuting distance
The irony is we bought this place in a so so urban area but close to my wife’s work and only moderately far from mine. She then got an offer from a place near a suburb for a lot more so she commutes from the city to a suburb, all while interest rates spiked. Lol
It’s still worth it because rent also spiked, though. Our system sucks, although 30 year fixed mortgages aren’t common in other parts of the world and variable rates would be more flexible but also probably price us out of our home.
Fair point yeah. I’m admittedly lucky with my office being so close but if I actually wanted to own my own property (I’m renting right now) I’d have to move way out to a neighbouring town which would put me at a similar commuting distance
The irony is we bought this place in a so so urban area but close to my wife’s work and only moderately far from mine. She then got an offer from a place near a suburb for a lot more so she commutes from the city to a suburb, all while interest rates spiked. Lol
It’s still worth it because rent also spiked, though. Our system sucks, although 30 year fixed mortgages aren’t common in other parts of the world and variable rates would be more flexible but also probably price us out of our home.