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> but you cant just tell kids they are doomed But you can expose them to broader view points; Why is owning a house a goal, or dilemma that would lead to depr

> but you cant just tell kids they are doomed But you can expose them to broader view points; Why is owning a house a goal, or dilemma that would lead to depression? This is perhaps the "American" part; how many countries is home and automobile ownership a top coming of age marker? Environmental disasters are going to happen (especially in top article of Florida) how can a kid take part through volunteering or voting for non disaster policies? Economic disaster ^^ see above ^^ but yes, America has not grasped with demographic shift with baby boomer retirements; and a future lack of workers; this is where parents can teach children self sufficiency.

boredpeter 3y ago
Owning a home is a goal because the alternative is lifetime wage slavery to fund a landlord’s lavish lifestyle. People don’t want to be exploited and see home ownership as a way to get out of that cycle of exploitation and building enough wealth to someday retire.
- robocat 3y ago
  Paying mortgage interest is even worse slavery in my limited experience. A mortgage really ties you down. > building enough wealth Our current environment looks like that if you are older. Thinking of your house as savings is weird: personally I think you need a house and retirement savings - and safe retirement savings is an oxymoron because it depends on the demographics and economy. I'm not sure that younger people can rely on the idea that their house will be worth enough because it depends on population demographics - housing is a Ponzi scheme where the older population sells there home to younger people until at some point the youngest person risks being left with something worthless: Japan and Italy have houses for ¥0 or €1 due to aging population. https://edition.cnn.com/travel/patrica-italy-town-one-euro-homes-struggle/index.html https://edition.cnn.com/travel/patrica-italy-town-one-euro-h...
neuralRiot 3y ago
The background problem of all this is what have been ingrained in our culture that money = success = happiness. Is not that they will or will not own a house, a car or a yatch, is the sense that they will never be able to be happy if they don’t get any of those. How many people follow careers that they are not interested in the least but they have “growth potential” or are a “path to success”. Now on top of that they see in social media people who “have everything” and are living the life and smiling 24/7 and they don’t understand that everything is just a show, books, radio, movies, tv, youtube it’s all the same, reality is on this side of the screen not in that.

boredpeter 3y ago

Owning a home is a goal because the alternative is lifetime wage slavery to fund a landlord’s lavish lifestyle. People don’t want to be exploited and see home ownership as a way to get out of that cycle of exploitation and building enough wealth to someday retire.

robocat 3y ago
Paying mortgage interest is even worse slavery in my limited experience. A mortgage really ties you down. > building enough wealth Our current environment looks like that if you are older. Thinking of your house as savings is weird: personally I think you need a house and retirement savings - and safe retirement savings is an oxymoron because it depends on the demographics and economy. I'm not sure that younger people can rely on the idea that their house will be worth enough because it depends on population demographics - housing is a Ponzi scheme where the older population sells there home to younger people until at some point the youngest person risks being left with something worthless: Japan and Italy have houses for ¥0 or €1 due to aging population. https://edition.cnn.com/travel/patrica-italy-town-one-euro-homes-struggle/index.html https://edition.cnn.com/travel/patrica-italy-town-one-euro-h...

neuralRiot 3y ago

The background problem of all this is what have been ingrained in our culture that money = success = happiness. Is not that they will or will not own a house, a car or a yatch, is the sense that they will never be able to be happy if they don’t get any of those. How many people follow careers that they are not interested in the least but they have “growth potential” or are a “path to success”. Now on top of that they see in social media people who “have everything” and are living the life and smiling 24/7 and they don’t understand that everything is just a show, books, radio, movies, tv, youtube it’s all the same, reality is on this side of the screen not in that.