3 ms·
> What would you do if your rent went up 10% - 20% a year? Rents follow inflation. So does my salary expectations. Not getting the ant/grasshopper metaphor.
by usaar333 8y ago
> What would you do if your rent went up 10% - 20% a year? Rents follow inflation.
So does my salary expectations.
Not getting the ant/grasshopper metaphor. The trade-off is solely a function of risk ability & willingness (higher risk tolerance pushes toward renting more), not hard work/lazing. In certain markets buying looks bad if you have high enough risk tolerance to handle stocks:
https://medium.com/@usaar33/why-you-shouldnt-buy-a-home-in-the-bay-area-right-now-9eff37da8d6 https://medium.com/@usaar33/why-you-shouldnt-buy-a-home-in-t...
- tomohawk 8y agoIn inflationary times, your rent will likely outstrip any salary increase. I suppose if you work for the federal gov't or something you might get cola, but I wouldn't count on it. The Carter years were hard times. I didn't mean the metaphor in an negative way. The grasshopper likes the lifestyle of pay as you go. The ant worries more about a possible winter coming.