There are many things to consider when you are in grad school, and where you are going to live is one of them. Grad students (i.e.. PhDs or Masters students) have the option to choose between renting and buying a home. The choice of buying a house is not as obvious as one would expect with going to graduate school. Fully disclosure - I did buy a home in grad school during my PhD but not during my masters. For me, this home buying choice was right, however it is not for everyone. Let’s discuss the factors that you should consider in buying a home in graduate school.
1. Finances For Buying a Home in Grad School.
This is a biggie, and being a rational investor and a nerdy person, I did my own financial calculation. I would recommend that you calculate the net present value of the rent versus buy decision. Here are the things to consider:
a. Rent and the appreciation of rent. You can probably estimate this to be 1-3 % depending on where you live.
b. Mortgage, taxes, and utilities. You can get an estimate of your mortgage by just going to a mortgage broker online or some comparable site.
Here are things that I forgot but mattered.
c. Costs of decorating. Homes are generally bigger and require more decorations.
d. Costs to maintain this home. You will need a lawn-mower, snow shovels, and general equipment around the home. While you might be able to borrow some of this stuff from your neighbors, but this borrowing is unlikely to occur in the first year of your home.
Generally, what I found out is that anything around 4 years or more in staying in the same location, it is worth buying a home in most North American locations. Anything less worked out to be not as favorable for home ownership in grad school.
2. Buying a Home In Grad School Means You are Going to Have A Different Lifestyle Than a Typical Grad Student.
The lifestyle component of buying a home in grad school was important. In some ways, it helped to maintain my sanity because I had more work / life balance. However, it also did make you removed from the typical grad school lifestyle in which most students live close to each other in the same apartments.
3. Buying A Home In Grad School Can Make Things More or Less Stressful Depending On The Uncertainty In The Job Market
This was a big one - it was the only way I survived the final years in grad school. Having the stability of a home made the world of difference for me and my family during grad school when the job market was tough. However, it also can add a bit of stress but you know that you have more friction to move other grad students.
4. Don’t underestimate PhD Uncertainty in Grad School.
It is common for you to think that grad school will be shorter than it will be. We all think we are going to finish the PhD program in three years. Thus, there is the temptation to not buy a home or rationalize that you will be moving in a few years. From my experience, this prevents a lot of people from every buying a home because they think they are going to move in the short term, but this means you miss out on building home equity.
Check out:
How To Cope With Uncertainty During A PhD
https://www.youtube.com/watch?v=QvKl1EoNbUsWhat Are The Pros And Cons Of Going To Grad School? Thesis Help
https://youtu.be/DQeKDT2nS5EWhat Is A Normal Day Of A PhD Student Or A Research Professor? - Thesis Help
https://youtu.be/zkLPsnFkgxkHow To Have Enough Money To Survive During Your PhD - Financial Planning In Your PhD - Thesis Help
https://youtu.be/XnbVvzR8U2c******
David Maslach is a research professor of entrepreneurship, innovation, and business strategy, I discuss topics, such as behavioral science, strategy, innovation, and entrepreneurship, and apply these to my new peer proofreading and editing platform. Topics include the sharing economy, altruism, investing in technology, starting a business, and bounded rationality. My favorite videos pertain to incentives, goal setting, and learning from failure to drive behaviors such as weight loss, stopping telemarketers, creating novel technologies, and creating new movements.
https://r3ciprocity.com: Peer proofreading and editing platform
A new platform where you can earn credits by editing other people's documents. Use these credits to have your own work edited. If you do a good enough job, you can convert these credits to money.
The goal of the platform is to get people to 'pay it forward' and help other people out by creating incentives for people to give back.
Check out
https://www.r3ciprocity.comPlease subscribe to the Youtube channel:
https://www.youtube.com/channel/UC5spxk7bNDMGPSHjW_8ndZAAbout the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
List of ours generators⚡
Random YouTube Videos Generator
Random Film and Animation Video Generator
Random Autos and Vehicles Video Generator
Random Music Video Generator
Random Pets and Animals Video Generator
Random Sports Video Generator
Random Travel and Events Video Generator
Random Gaming Video Generator
Random People and Blogs Video Generator
Random Comedy Video Generator
Random Entertainment Video Generator
Random News and Politics Video Generator
Random Howto and Style Video Generator
Random Education Video Generator
Random Science and Technology Video Generator
Random Nonprofits and Activism Video Generator
