buying house with mortgage versus getting out of debt
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I've decided to gamble on taking out a hefty mortgage to buy a house instead of doing the opposite and getting out of debt.
Like you, I live in a European country where property is very expensive.
I reckon I can be better prepared as a homeowner than as a tenant. As a homeowner, I can install solar panels and have a vegetable garden, for example. As a tenant, I'm at the mercy of the landlord's decisions. The last place I rented had fuel oil heating and no garden and I couldn't see that working out well in the turbulent times ahead.
As I said, it's a gamble. If (or when) the financial system implodes, I'll be hoping for the best. Meanwhile, I'm racing against time trying to pay off the mortgage as quickly as possible.
All the best,