From a Lorry Driver to Ruby on Rails Developer at 38

Re:From a Lorry Driver to Ruby on Rails Developer at 38 by fooker on Sunday April 21, 2024 @07:52PM (#40110260)

Yes, it does.

You are likely not going to be renting an apartment with that kind of money, you are just making your landlord rich.

Instead, you put a 200k deposit, pay the same 8k per month as mortgage (approx 1/3rd of your salary is the rule of thumb), and sell the house or apartment after a while. That way, you are not losing any money.

Check https://www.nerdwallet.com/mortgages/mortgage-calculator for confirming these numbers.

[ Parent | on HN ]

Re:From a Lorry Driver to Ruby on Rails Developer at 38 by cudgy on Sunday April 21, 2024 @08:33PM (#40110489)

… unless the price of properties goes … down

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Re:From a Lorry Driver to Ruby on Rails Developer at 38 by fooker on Sunday April 21, 2024 @08:37PM (#40110508)

If it goes to zero, it is almost equivalent to have payed rent for 30 years! ;)

If it becomes half, you still have a home to live in rent free.

More likely it doubles every 10-15 years.

[ Parent | on HN ]