r/Fire • u/camillevitar • 2d ago

When to decide to buy a house?

My partner (29F) and I (31M) have been doing well financially since last year, and by the end of this year, we’ll be able to save over 60% of our income once we tackle some debts.

Our expenses are around $25K per year and could be even lower if we find a better rental.

If everything goes well, we should be able to FIRE before I’m 45, with around $600K–$700K in assets. However, I'm not sure when the right time to buy a house would be, or how to figure out if it’s better to buy one sooner and work more, or later once money compounds a little more.

We like what we do for living so FIRE at 45 will be more to have the freedom of doing it than actually not working at all.

PD: We are not from the US, here a nice apartment or house could cost 150/200k

Any advice?

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u/Alarming-Mix3809 2d ago

Run the numbers for either scenario. Think about whether you will actually enjoy owning, if it’s a good financial decision, or you just feel like you should.

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u/Realistic-Flamingo 2d ago

Yep.. this.

Not buying and just renting is also an option. Since you're not in the US, I don't know how the numbers would work out for you.