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@deliveranceseeker I may not be earning that much when I’m 63 but when I feel the pressure, I can sell the place and get a good windfall to buy something small or rent somewhere cheaper. It sounds better then moving out with nothing to benefit from if I was to rent.

@brilliantje During a crash I don’t want to sell anything, if possible. Regardless of its liquidity.

@brilliantje Rumors of the crash keep coming but the crash never does.

@nishan Yes. 10%

@juviavxii I’m not informed but doesn’t home insurance cover that?

@juviavxii I find a lot of these buy/rent comparisons have houses in mind. Apartments are much cheaper to maintain. Especially in a new building, which is what I’m after. I rent a new apartment and in 5 years the maintenance is almost nothing.

@englishcatholic17 If things go bad for me. I can put the place for sale and find a buyer for at least some amount that will give me a head start to remedy my situation. For 2k€ I can rent a pretty good apartment equivalent to what I could buy for a 2k€ a month loan repayment minus the initial...

@justinarnot Sofia. Central neighborhood.

@oluwayinka Yes there is maintenance but its not that much when you buy a flat in a new building. Property taxes in Bulgaria are reasonably cheap, still. Yes, house prices do go down in crashes but they recover over time, just like any asset. Whatever happens in the end, with buying, you end...

I recently spoke to a credit consultant that implied that if I’m interested in a property and it’s rent price equals the monthly loan payment, it makes financial sense to buy it because if at some point I want to move out, I could sell it to another buyer for a higher price and end up with a...