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by jrock08 3690 days ago
If only home ownership weren't correlated with generational wealth. Then we'd have a meritocracy, and you could dismiss people renting as bad decision makers. In the real world, people rent because they can't afford to buy a home.
1 comments
kamaal 3690 days ago
>>In the real world, people rent because they can't afford to buy a home.

In real world, you can always bootstrap your way to a decent nest egg, whether its a retirement fund or a home. It takes time, and it takes hard work. But is very possible and a lot of people do it.

If you can't, then evaluate your spending patterns seriously. I haven't met any person yet who didn't have wasteful expenditure that couldn't be eliminated.

More often than not its not the means/resources, its lack of resourcefulness. People in general don't have the motivation to take steps towards solving a difficult problem, and the discipline to suffer through a grind and see it through to the end. This of course is a very different problem, the responsibility of which starts and ends at a individual alone.

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SolaceQuantum 3690 days ago
>I haven't met any person yet who didn't have wasteful expenditure that couldn't be eliminated

People who are poor or improvised deserve to live a life that also allows them to have something enjoyable, including hobbies. It shouldn't beconsidered a lack of discipline that an impoverished person could maybe enjoy their life once in a while. It's depressing how much one can expect a life of misery of they're poor.

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st3v3r 3689 days ago
"In real world, you can always bootstrap your way to a decent nest egg"

No, not really. Especially given housing prices now.

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kamaal 3689 days ago
There is a always a house at some location X you can buy now, which will be unaffordable 20 years from now.
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guard-of-terra 3687 days ago
What if it happens to be far far away from where your career proceeds?

You have now to choose between growing your house value or nurturing your career.

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st3v3r 3686 days ago
However, that location X is not always feasible to move to and work from. So it's worthless to discuss all location X. Instead, you should be focusing on locations Y, which are.
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