4 ms·

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.

by jrock08 10y 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.

kamaal 10y 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.
- SolaceQuantum 10y 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.
- st3v3r 10y ago
  "In real world, you can always bootstrap your way to a decent nest egg" No, not really. Especially given housing prices now.
  - kamaal 10y ago
    There is a always a house at some location X you can buy now, which will be unaffordable 20 years from now.
    - guard-of-terra 10y 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.
    - st3v3r 10y 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.

by jrock08 10y ago

kamaal 10y 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.

SolaceQuantum 10y 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.
st3v3r 10y ago
"In real world, you can always bootstrap your way to a decent nest egg" No, not really. Especially given housing prices now.
- kamaal 10y ago
  There is a always a house at some location X you can buy now, which will be unaffordable 20 years from now.
  - guard-of-terra 10y 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.
  - st3v3r 10y 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.