I bought the most expensive house I could afford, now I regret it
Big oof. Btw we have a book signing event on 4th May. Details at the end of this comic.
If you’ve read this far, please consider subscribing to our email newsletter (yes, this Substack). We cannot offer you much but we can offer this:
We have newsletter-exclusive articles that won’t be posted anywhere else. We created these articles for people who want to go deeper into complex issues than the shorter-form content we typically have.
If you don’t have social media or don’t follow our Telegram channel, you can still get updates to all our content emailed directly to your inbox to read at your own time.
We promise not to spam your inbox (but Substack might, so update your notification settings).
This resonates with me a lot. When we were buying our house, the people we spoke to (including hub's financial advisor) advised us to max out our loan. It sounded like a good idea at that time on paper, but my spidey senses were tingling. I knew we wouldn't be a DINK for too long - we wanted kids and I wanted the option to start my own business - so we went the opposite way and bought the most affordable 30-year old resale flat that remains our beloved home to this day. If I didn't put my foot down and say no to the well-meaning advice back then, the interest rate hikes would have sent us to similar situation as OP and I would not have been able to start my fledgling freelance career due to financial pressures.
Just wanted to wish you all the best during these hard times and to persevere. As you said, reversion to the mean always happens and hopefully that means the hard times will also fade in time. Stay woke!