3 ms·

>paying the mortgage I think a more apt description is "owning a home". Owning a home brings all kinds of complications beyond just paying a single bill. One o

by bumby 4y ago

>paying the mortgage I think a more apt description is "owning a home". Owning a home brings all kinds of complications beyond just paying a single bill. One of the major benefits of renting is that you effectively outsource all the maintenance headaches, for example.

dragonwriter 4y ago
> One of the major benefits of renting is that you effectively outsource all the maintenance headaches, for example. One of the downsides of renting, very often, is that you actually don't outsource headaches, you just add an extra layer of complication on top of them.
lapcat 4y ago
"You need a ton of focus to succeed overall, not just math. I think people tend to get distracted by things as they get older." So, what is the argument supposed to be here, that only renters can focus and succeed? This feels like it's getting totally ridiculous.
- bumby 4y ago
  You quoted someone else so I can’t speak to their claim. But mine is that it’s easier to succeed if you’re focused and it’s easier to focus when you have a simpler life. I was just clarifying an important part of the context of the mortgage argument because you seemed to strawman it to be only about the monetary transaction. For some, renting helps simplify their life. It’s not a difficult through line to follow and I don’t think it’s extraordinarily controversial, despite your consistent mischaracterization. (I never said, for example, that “only” renters can succeed). Do you think it’s easier to succeed running one business or a dozen? Why?
  - lapcat 4y ago
    > I don’t think it’s extraordinarily controversial Do you have any evidence that people generally believe that renting is more conducive to success than homeowning? Should we take it as advice? "If you want to maximize your chances of success, don't buy a house!" Strangely though, most successful people do own a home. Sometimes more than one! When exactly is it ok to buy a home, and why do successful people do it, if it makes them less focused? > Do you think it’s easier to succeed running one business or a dozen? Why? A dozen, of course. Because if you're running a dozen businesses, you likely have a lot of financial resources. And since many businesses fail, you have a greater chance of at least one of them succeeding. (Do I even need to mention that the richest person in the world has multiple businesses and is trying to buy yet another?)
    - bumby 4y ago
      How do you define success? That definition seems pretty central to each of your questions.

by bumby 4y ago

dragonwriter 4y ago

> One of the major benefits of renting is that you effectively outsource all the maintenance headaches, for example. One of the downsides of renting, very often, is that you actually don't outsource headaches, you just add an extra layer of complication on top of them.

lapcat 4y ago

"You need a ton of focus to succeed overall, not just math. I think people tend to get distracted by things as they get older." So, what is the argument supposed to be here, that only renters can focus and succeed? This feels like it's getting totally ridiculous.

bumby 4y ago
You quoted someone else so I can’t speak to their claim. But mine is that it’s easier to succeed if you’re focused and it’s easier to focus when you have a simpler life. I was just clarifying an important part of the context of the mortgage argument because you seemed to strawman it to be only about the monetary transaction. For some, renting helps simplify their life. It’s not a difficult through line to follow and I don’t think it’s extraordinarily controversial, despite your consistent mischaracterization. (I never said, for example, that “only” renters can succeed). Do you think it’s easier to succeed running one business or a dozen? Why?
- lapcat 4y ago
  > I don’t think it’s extraordinarily controversial Do you have any evidence that people generally believe that renting is more conducive to success than homeowning? Should we take it as advice? "If you want to maximize your chances of success, don't buy a house!" Strangely though, most successful people do own a home. Sometimes more than one! When exactly is it ok to buy a home, and why do successful people do it, if it makes them less focused? > Do you think it’s easier to succeed running one business or a dozen? Why? A dozen, of course. Because if you're running a dozen businesses, you likely have a lot of financial resources. And since many businesses fail, you have a greater chance of at least one of them succeeding. (Do I even need to mention that the richest person in the world has multiple businesses and is trying to buy yet another?)
  - bumby 4y ago
    How do you define success? That definition seems pretty central to each of your questions.