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There's a lot of missing knowledge for someone to make the decision that way. Eg: most people, even upper middle class, often don't know basic investing. I cert
by shados 8y ago
There's a lot of missing knowledge for someone to make the decision that way. Eg: most people, even upper middle class, often don't know basic investing. I certainly didn't until my mid 30s. If I had known even as much as how t-bills worked or index fund investing, I'd have WAAAAAY more money than I have now.
The flip side is that a lot of people don't buy real estate for the monetary aspect. They want to (figuratively) be able to drill holes in their walls. To some people, that's priceless.
- ironjunkie 8y agoI learned that knowledge the "hard way". I really wanted to buy two years ago, mainly guided by the hype. After spending a full weekend learning all the details and how to do a good cost-analysis of all the options I came to the conclusion that now is not a good time to buy. As a place filled with engineers, I'm still amazed that more people are not doing this down-to-earth calculation before deciding to buy and mainly rely on an emotional impulse.
- getcrunk 8y agoCan u explain a little bit or post some links to help get started on understanding all that?