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by electrodank 712 days ago
That “attention to the market dynamics debt” will catch up to them, just as it has caught up to all the working adults who are unable to afford living expenses in their cities because they spent their 20s partying rather than investing and looking to get ahead/stay ahead of these things. Anyone in their 30s saying “I’d like to have children but I can’t afford it” has been asleep at the wheel of a global change that has been unfolding in a relatively obvious way.

I’m not saying it’s good or bad - everyone’s free to make their own life choices, I’m saying it is what it is and TANSTAAFL.
3 comments
Rinzler89 712 days ago
There's some survivorship bias in that. Not every adult who gave up partying and focused on career and investing, ended up very well off.

Sometimes it just doesn't work out and then you sacrificed the most fun years of your life for nothing leaving you depressed and unhappy.

Not saying you should or shouldn't, I'm saying while there's no free lunch there's also no guaranteed lunch big either. For example here in socialist parts of Western Europe working hard is a scam since you don't end up more wealthy than those who just coast and do the bare minimum expecting the state to provide for them while you'll be the one paying for it with more taxes.

Sometimes a simple and fun life with less money can be more rewarding than a life of stress and money

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electrodank 712 days ago
Absolutely there are no guarantees but it’s disingenuous to point to what’s happening and claim pikachu face levels of shock, when plenty of people did pay attention, did act accordingly, and things more or less went in their favour.

I’m not a fan of cargo culting “survivorship bias.” It’s flimsy.

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Rinzler89 712 days ago
It's not cargo cutting, it's just my opinion which can neither be right or wrong because it's not a fact.
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literallycancer 712 days ago
I don't think kids need to worry about mortgage rates.
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electrodank 712 days ago
Looks like I hit a nerve with the people who have deep regrets about not investing when they should have. Many such cases.
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johnchristopher 712 days ago
> Looks like I hit a nerve with the people who have deep regrets about not investing when they should have. Many such cases.

I think it has more to with the condescending tone. It weakens your argument.

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electrodank 712 days ago
Amusing given the subject matter of the article.

Let’s do another round of Haidt’s Coddled Mind next we are long overdue.

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