3 ms·
I read it as, but I could be wrong, that if you start out in life with money (parents/inheritance/...) and you decide wisely, like buying a house close to uni a
by tluyben2 8y ago
I read it as, but I could be wrong, that if you start out in life with money (parents/inheritance/...) and you decide wisely, like buying a house close to uni and putting in a shitload of students, then you have it easy.
I owned a student home which I bought from partly smart and mostly lucky stock investing (I had savings from strawberry picking (yes, really; that made money faster than coding in those days for me) and I put it on Borland before 2000; they went up big time, I sold at the right time and student me could buy a house suddenly); it was in a city with high student housing prices and it was a really good house for it; it was big and could house 8 (to 16 if pairs) students paying 8*400 euros/mo. It was not easy money though; I lived there too for a while and the constant maintenance drove me up the wall. I am (always was) mostly someone who lives in his head and thinking about code and leaking toilets, pipes, flooding etc really is something I cannot deal with. So I sold it after 4 years of getting stressed.
I definitely wouldn't do real estate again; I like virtual assets and the stock market & starting + selling companies treated me a lot better than real estate ever can do. Without the worries of brick & mortar.
- benj111 8y agoPossibly, I read it as an ultra free market, right wing, if you've had a little money its your fault if you haven't made a success of yourself. That's more dots than I'm willing to connect from one passing comment from someone whose first language I don't think is English, so I'm asking for clarification.
- grey-area 8y agoI think they meant that money begets money, so if you have some to start with, life is easy by default. Not a right wing sentiment.
- benj111 8y agoRight wing ideology would say that's a good thing, or at least not bad, whereas left wing ideology would say that's a bad thing. So as a neutral statement of fact no it isn't either ideology. Its the opinion that goes with it.
- grey-area 8y agoI think you've misread their opinion.
- jaabe 8y agoOh, I think it’s unfair. I probably could have added a little context, but I was stating a fact, not my opinion on it. The guy I mentioned is 30, and in 20 years when both apartments are paid out, he’ll be a multimillionaire (in Danish kroner), as well as having a passive monthly income that exceeds most lower class jobs. Just by having some starting capital from his rich parents. I’m not particularly against having rich parents helping you, but because real estate taxes are so low and prices so high, it’s just extremely hard to catch up if you don’t, and I think that’s unhealthy for society in general.