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Is feeling secure in retirement not a relevant factor? Is having wealth to do things, even if you don’t exercise that wealth, a completely irrelevant factor? Is
by rcme 3y ago
Is feeling secure in retirement not a relevant factor? Is having wealth to do things, even if you don’t exercise that wealth, a completely irrelevant factor? Is leaving generational wealth for your children irrelevant? Let’s say you had to forfeit the houses for some reason (being sued, for example). According to you, owning the houses is an completely irrelevant factor, so I’m safe to assume you would feel totally indifferent to this happening? Somehow, I find it hard to believe that you wouldn’t care about losing your houses. Perhaps it does have some relevance to your life?
- positr0n 3y ago> According to you, owning the houses is an completely irrelevant factor No, they're saying the price of the house is irrelevant. If they bought both houses for $250k, say they're now worth $750k, they're a millionaire and got a million dollars of profit! Their point is they need two houses for their family and will until they die. If they have two houses still worth $250k or two houses worth $750k it doesn't matter to their quality of life.
- dragonwriter 3y agoThis would be true if we lived in a society where value of assetsd you own has no impact on access to and cost of financing, and other advantages, that can be realized without sacrificing the assets, but that is very much not the world we actually live in.
- deleted 3y ago[deleted]
- rcme 3y agoPrice is just a proxy for value so there isn’t much of a functional difference between the price being $0 and not having the object.