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May 10, 2019 21:51:36

On buying an apartment instead of renting one

by @phaidenbauer PATRON | 220 words | 217🔥 | 217💌

Philipp Haidenbauer

Current day streak: 217🔥
Total posts: 217💌
Total words: 61077 (244 pages 📄)

As I have lined out in yesterdays post, I'm on my way to buy an apartment for myself.

When I signed the contract for my RedCross Apartment, it was the first apartment after my parents home, where I lived the majority of my life. I didn't really think much about it and mainly saw the opportunity to be "free" from my parents and do the things I want to do and do them my way.

Looking back, I don't regret this decision. I really enjoyed the last years and I would not trade them against something other. But there is one thing that keeps popping up into my head.

It was only a rented apartment. Yes, it was and is cheap, but if you calculate the costs for the four years I've lived in it (and still do, until the new apartment is ready), I could have burned the money.

The money "invested" in this rented apartment is just gone. There is no way of getting it back.

So the next apartment, which I can hopefully live in from July on is mine. Well, mainly it's the banks, but after a few years, it's mine. I can always sell it, or rent it to someone.

Sure, the inflation will degrade the apartment over time, but it will still be worth money.

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