[tikhonj]

I broadly agree, but expensive homes are an odd example because, like, you can just sell the house later. There might be some opportunity cost relative to investing in a broad market ETF or whatever, but that's not the sort of difference that makes or breaks your early retirement strategy.

It's a bit odd to get moralistic over saving/spending money in general, but that's especially true around expensive homes.

[foobarchu]

Yeah I'm more worried for people spending all their income on high rent apartments or quickly depreciating cars.

[siren2026]

All projections currently show it is better to pay rent on an apartment than buying the similar apartment. Especially in tech cities. Do the math.

I agree the ideal thing to do is to probably rent a cheaper apartment to start with.

[derwiki]

Is that with current interest rates or irregardless? Can you link to one of these projections?

[siren2026]

why would it be especially true around expensive houses? When you own a house, you are still paying an implicit rent to live in it (the opportunity cost of the rent that someone else could pay you instead).

Given that in almost all locales it is so much better financially to rent than to buy right now, Buying a 5m$ house is probably one of the least financially responsible things you could do in the current climate (And especially in the Bay area where the buy-to-rent ratio is all time high)