How Many Years of Life Does That House Cost?
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How Many Years of Life Does That House Cost?
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Re: How Many Years of Life Does That House Cost?
#2That was a great use of maps.
Thanks!
Re: How Many Years of Life Does That House Cost?
#3Great article.
Re: How Many Years of Life Does That House Cost?
#4That was a really nice overview. One thing to consider though, when you gain more expertise through experience, you typically gain more income. Of course, most of the time, homes tend to appreciate as well.
But to the point, it's best not to burden yourself too much with a home. I bought mine in my late 20s. My criteria was that I didn't ever want to move again (and could fit a pool table), so I bought a house big enough for a family to live comfortably that I could reasonably afford in my late 20s. It's worked out so far.
Re: How Many Years of Life Does That House Cost?
#5Scrolling gets really messy on mobile but otherwise a neat way to show the visualizations.
Still can't be assed to read it fully though with my scroll being screwed by intermediate textboxes though.
Re: How Many Years of Life Does That House Cost?
#6great visualization, If he uses the skills he now has, he's hopefully making 100K+ by now
Re: How Many Years of Life Does That House Cost?
#7Cool visualization, but kind of a useless statistic. The question that matters is: How many years will it take me to pay off my mortgage after my expenses (food, transportation, housing maintenance, utilities, taxes) are taken into account?
It doesn't matter how cheap a house is if you can't save any money.
Re: How Many Years of Life Does That House Cost?
#8Is it really necessary to own a home if your mortgage is going to be 20 years long?
I get that renting is like throwing money in a hole, but people are so much more nomadic these days. What's the big deal in moving once every 10 years once rent gets unbearable?
Re: How Many Years of Life Does That House Cost?
#9Cool visualization, but kind of a useless statistic. The question that matters is: How many years will it take me to pay off my mortgage after my expenses (food, transportation, housing maintenance, utilities, taxes) are taken into account? It doesn't matter how cheap a house is if you can't save any money.
how many years will it take to pay off your mortgage? thats done for you, about 15 or 30.
how does other factors like food/transportation/taxes factor in? though not always, but they tend to go hand in hand no?
the cost of real estate is factored into much of what we buy / spend money.
Re: How Many Years of Life Does That House Cost?
#10That was a really nice overview. One thing to consider though, when you gain more expertise through experience, you typically gain more income. Of course, most of the time, homes tend to appreciate as well. But to the point, it's best not to burden yourself too much with a home. I bought mine in my late 20s. My criteria was that I didn't ever want to move again (and could fit a pool table), so I bought a house big en…
> bought a house big enough for a family to live comfortably that I could reasonably afford in my late 20s.
Well, we'd all love to do that, but where? (That was a rhetorical question, I personally moved to Edinburgh and bought an affordable family house in my late 30s)
I remember a website tracking London affordability that pointed out that in some years price appreciation made it literally impossible to save for a house: the value (maybe even the minimum deposit) went up faster than average income.