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> Why are you so fixated on owning property? P Because the prices will only go up, judging by what happens further West (I live in Eastern Europe). Five, six y
by paganel 5y ago
> Why are you so fixated on owning property? P
Because the prices will only go up, judging by what happens further West (I live in Eastern Europe). Five, six years ago I used to believe that wouldn't have hold true going forward, reality contradicted me.
I do not want to "chase better" jobs into my 50s or, God-forbid, into my 60s, I'm content with what I have on that front. No, we do not have (more than emergency) savings, no, we do not have a strong family-support network, no, I don't believe we're the only ones in our age cohort that are in that situation.
- erosenbe0 5y agoI understand now. Definitely property values haven risen proportionately faster than wages in most of the big cities of the USA. This causes wealth distribution by age to be suboptimal. 40 y/o have too little wealth compared to 70 y/o.