3 ms·
I do believe that's a privilege to throw an extra $60 per month at something for five years straight. It's not truly stopping us from buying a house, but this m
by MinimalAction 1y ago
I do believe that's a privilege to throw an extra $60 per month at something for five years straight. It's not truly stopping us from buying a house, but this mentality that everything could be bought on credit, this consumerism is where we are hurt.
- kemotep 1y agoThey sell phones and data plans for cash that you prepay for. The 50-60 bucks was taking a monthly amortization over what would likely be a few thousand dollars upfront in expenses. Paying thousands upfront and using something for 5-6 years versus buying on credit for zero dollars down from the consumer perspective can have the same costs. Maybe it is more beneficial to not use credit long term. But unless you are also paying cash upfront you need credit and a credit history to buy a house.