23 Jul Renter’s Remorse
After some consideration, my girlfriend and I moved out of our parents' house and rented a Condo.
Our condo is a really nice 3rd floor condo. My girlfriend is in love with it. I think it's really nice. Its a 2 bed 1 bath condo and we really made it nice and homey.
Just days after signing the lease, I noticed people younger than me on Facebook buying houses, and it really ate at me. I had a whole lot of envy/jealousy go through my mind throughout the course of these past 2 weeks. It's safe to say that my way of looking at this is very unhealthy.
I tried to think of every excuse to why we decided to rent and not buy. You know, the usual:
"We're not married"
"It's not worth it to rent if you wont live in there for less than 5 years."
"Why buy a house and sell it in 2-3 years if your gain on sale of the house will be less then the interest you paid in those years? "
And to an extent all of those are true. But regardless, the fact of the matter is that I live in a lovely place that I do not own, while others I know are owning and building equity, and it is killing me inside.
I did the math too and if I bought a house thats approximately the same square footage (if not more), my expenses will be close to my rent+internet+electric.
So my question to other renters or real estate experts out there, please help me out. How do I get over renter's remorse and stop telling myself I made a horrible decision?