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>For some people, not having any debt at all is extremely liberating Indeed. I lived with my parents into my 30s, saved up for ~10 years and bought a nice hous
by coopertyme 2y ago
>For some people, not having any debt at all is extremely liberating
Indeed.
I lived with my parents into my 30s, saved up for ~10 years and bought a nice house cash, no mortgage.
Was it financially optimal? Probably not, but the peace of mind of being immune to market crashes or interest hikes (we tend to not have 20+ years fixed mortgages here) is just really nice.
- sssilver 2y agoYou simply restructured your debt and borrowed from parents instead, no? That is to say, you owe them for those ten years. Not saying there’s anything wrong with it. Most people in average circumstances owe a lot to their parents.
- phkahler 2y ago>> You simply restructured your debt and borrowed from parents instead, no? >> That is to say, you owe them for those ten years. To me that seems like a strange take on it. I saw no indication of a debt owed in the GPs comment.
- bryanlarsen 2y agoI think the OP used "owe" in the second dictionary sense: 2: to be attributable an idea that owes to Greek philosophy
- mym1990 2y agoThis is a very transactional view of it, but I can see the line of thinking. My mom gave me everything I needed to succeed as an adult, and I owe her a lot, so now whatever she needs, I try to take care of it. Hopefully other people come to the same conclusion, but I don't think parents usually expect a financial ROI on raising kids haha.