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by andyferris 6 days ago
It always required a leap of faith - that’s the point of life, getting married and having kids.

Not so many generations ago parents might not know if they’d survive to see their children reach adulthood (or if their children would survive, or if they’d be infertile, or die during childbirth). My parents are boomers who ended up doing well, but had to buy a house at a 17% interest rate and low wages not knowing if that was a smart or dumb move. The current generation face huge land values (but have better medicine and moderate interest rates). Who would you trade places with, without the benefit of hindsight?

1 comments

Someone in my career in the 1950's... In a heart beat, even if I didn't know what was coming next.

High taxes lead to reinvestment.