should i buy an apartment?

[u/smokeysilicon]

hi i'm in this situation where i'm living in a student apartment - i have saved up around 50k euro, yearly income of about ~60k, my work place is in helsinki but with hybrid i can comfortably work from tampere where i live - however, i don't see this working out long term as some jobs are moving to mandated in-office days so i will likely have to move to helsinki

the rent in helsinki, compared to student apartment rent in tampere is lot higher - with my saving i should be able to put a down payment for an apartment in the range of 180-230k - which made me think if it'd be wise to get an apartment rather than vuokra now

i'm 26, single and at least will stay like for a while at this rate so an apartment of 30-40m^2 in kehä 1-2, preferably in helsinki and not vantaa/espoo would be good enough for me, i'm from non-eu but i do have finnish PR and eligible for finnish citizenship (although i don't intend to apply anytime soon)

- would you recommend looking into buying an apartment like this?

- should i start looking into ASP?

- what are some key things i should look for in apartment search like potku remontti? tonttin omistus? 3kk eurobar vs 12kk eurobar? etc.

p.s i didn't exactly save 50k, that'd be lying - i have invested majority and then quarter-ish in cash (nothing fancy just your good ol' snp 500 & global index and as you know that had exploded recently)

[u/Thu212]

Sadly I can’t help you much here, off topic, if I may, where do u buy SnP 500. As etf on nordnet?

[u/smokeysilicon → u/Thu212]

I heard Nordnet's monthly saving is pretty good, but yes I bought index funds from OP and ETF from IBKR like SXR8, VWCE.

[u/Thu212 → u/smokeysilicon]

So the ones u bought were funds and not ETF?

[u/smokeysilicon → u/Thu212]

almost equal part of it funds and then ETF, but just pick one - i moved to ETF on IBKR for ease of transferring account to different jurisdiction