5 ms·
As a younger millennial I find myself far more interested in a home from a Maslow’s hierarchy perspective than an investment at this point.
by awat 8y ago
As a younger millennial I find myself far more interested in a home from a Maslow’s hierarchy perspective than an investment at this point.
- Simulacra 8y agoYes! Tbh I wasn’t really all that interested in buying. I finally gave in after spending a summer working with the homeless, and reading a Priceonomics article about David Raether. I got really afraid. https://priceonomics.com/what-its-like-to-fail/ https://priceonomics.com/what-its-like-to-fail/
- awat 8y agoThat’s where my interest came from as well. The success/failure line is much thinner than many people think imho.
- ckdarby 8y agoThis article didn't scare me just shined the light that people are truly not willing to sacrifice. They had a $500k nest egg and living in a 4000 sqf home. The decision could have been to sell the home, downgrade to a home half the size, cut all 'future children investments' and lived a frugal life. The best future investment that could have been made here is living within the reality of the numbers.
- Simulacra 8y agoAbsolutely agree. He should’ve downsized and cut expenditures, but for whatever reason (maybe hubris? Pride?) he allowed things to get out of control. For me, I know that I can get a job at Home Depot and make the mortgage payments, and that’s why I stuck with something small and affordable.