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It's really disappointing when people keep thinking of important life decisions as purely economical ones. No, I didn't buy a house because it's an "investment"
by C4stor 8y ago
It's really disappointing when people keep thinking of important life decisions as purely economical ones. No, I didn't buy a house because it's an "investment". I bought a house because I wanted the freedom to modify the place I live, adapt it to my family needs. You know, feel at home !
When I rent, I'm simply not allowed to do the amount of modifications I want to a place, and it just doesn't have the same feeling.
Thinking every single act of life in terms of economy is being blind, and blaming people for doing non economically rational decisions bemuse me. Because for me, the endgame is not hoarding money, it's spending it to live the life I want. And just because one value economic rationality very much doesn't mean we all have too. Which is why there are still some very silly people donating to charities (the fools !).
Kudos to politicians to sometimes have policies which make it easier to live a nice life, even if "the market" hates it.
So no, the 30 year mortgage is not a "toxic product", it's a good way to allow a lot of people to go in a life path that is very appealing to a vast amount of humans.