4 ms·
I feel like I agree with this in principle but the examples almost feel backwards to me. The bullet points under buying a house seems to be specifically about:
by godot 5y ago
I feel like I agree with this in principle but the examples almost feel backwards to me. The bullet points under buying a house seems to be specifically about: 1) Overstretching your budget to buy bigger houses than you can afford, 2) Buying somewhere very remote where there are no job opportunities if you don't work remote, 3) Leisure options and friends are far away. None of these points are about buying a house itself as a decision (vs, renting).
Depending on your timing and location, renting is way more of a shoot-yourself-in-the-foot decision than buying a house. I graduated from college in mid-2000s and after a few years finally saved up to buy a house in early 2010s. Plenty of my peers saw no real need to this and continued renting through the decade of 2010-2020 while seeing home prices rise to unaffordable levels. I acknowledge that I got lucky in my timing and location (bay area), but it's hard to imagine a scenario where buying doesn't make sense when you can afford to. If nothing else, a (fixed rate) mortgage at least guarantees your monthly housing payment won't increase, vs rent. The decision to rent (as in, not being forced to rent because you cannot afford to buy) seems way more footgun-ish.
On the jobs section, the way most people choose jobs is insane, not by choice but more because it really is that hard and luck-based choosing a job. Over my career, I got to the "choose a random company whose recruiter just happened to reach out" point and landed a job, twice, and these both happen to be jobs I loved and stayed for a long time. Notably, another time, I moved to a company because I had a lot of friends working there so I knew I'd enjoy the people there, it didn't work out after a year and a half for other reasons than the people. The point of this all is, it's just really difficult to know what really matters at a job and company, so it's really hard to call this a footgun decision.