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Saving all your money to buy a home instead of spending is losers' game. It deprives service economy of cash, bumps home prices even more and makes everybody u
by guard-of-terra 11y ago
Saving all your money to buy a home instead of spending is losers' game.
It deprives service economy of cash, bumps home prices even more and makes everybody unhappy. So no, it's not a sound societal advice.
This is problem of supply versus demand, which can be solved by either more supply or redirected demand. And maybe by removing bad money from the economy.
- beambot 11y agoYeah! Get out there and drink more instead of saving and living within your means.
- guard-of-terra 11y agoI did not say that. You did.
- jschwartzi 11y agoWhat do you do when something doesn't go according to plan and you have to stop into your savings?
- jschwartzi 11y agoWhat do you do when something doesn't go according to plan and you have to dip into your savings?