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So what? Only 40% of Americans have paid off their mortgages and own a property. I live in Germany and once I found how the illusion of owning a property isn't
by thiago_fm 3y ago
So what? Only 40% of Americans have paid off their mortgages and own a property.
I live in Germany and once I found how the illusion of owning a property isn't a necessity, I started to be more chill about life in general.
Tenant laws are good here, you can live with dignity. Of course, you will never "live big" as Americans do, but you can take vacations, visit the world, live an everyday life, etc.
At the moment, I'm paying a mortgage, but I don't have this illusion of "owning" it; I know I don't. And even if I finish paying it, I know it doesn't mean very much, as this means I could have invested the money somewhere else or just spend it all on experiences, things that actually matter in life.
Modern humanity has tied too much of who they are, even their self-confidence and self-worth, to what they are able to own. It's sad.
- vidarh 3y agoThe main benefit of buying is the relative freedom to make changes. In places with poor protections for tenants, it then has the added benefit of removing you from that (I'm in the UK; that is a consideration), but the freedom to make changes to my house and garden matters to me. It doesn't matter enough that I wouldn't consider renting if I moved somewhere else, though - it really depends on the situation.