Bought my house in 2019 before the market went crazy and then I refinanced when the interest rates went down to 2.2%. I still can't believe how lucky I got.
this post was submitted on 14 Nov 2023
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Bought super cheap in early 2020, refinanced almost immediately to make it even cheaper.
Then I found out I can rent the place out for more than my payment, so o basically couldn’t afford to live there since I get paid to not live there. So I’m renting it out now and it’s free real estate.
Bought another one basically immediately after the first was rented, the bank saw the balance sheet and said another loan is a no-brainer even at a higher rate. Lived in that one for a year, but now I’m renting it out too because again, it’s just better financial sense to do so.
Moved back in with my parents because buying a third house feels risky and I’m tired of moving.
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Lucky. Still hoping interest rates inflect by 2025.
Why specific bought in '20/'21? Bought the house as single in '00, monthly costs were about 20% less then renting a similar house in worse configtion. The value then in guilders was less then then now in euro. (about 125% rize in value) and I'm paing in morgage about 75% of what I paid when I bought it. (and that will stay the same for another 7y)
It's a good house and way cheaper then letting. I could see ut as investment, but I need a roof to live under. It's a comfortable and very affordable place to live.
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