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When my daughter wanted her first tablet, a friend of mine said he had an old one he could sell me for $50. Cool, I said, and my daughter saved up her allowa
by rossdavidh 10mo ago
When my daughter wanted her first tablet, a friend of mine said he had an old one he could sell me for $50. Cool, I said, and my daughter saved up her allowance (paid for feeding the cats, as I recall) to get the money. Then, my friend said to just put the $50 in her savings account.
Oh, I said, right, we should set one of those up for her.
Once she had one, it was clear I should be adding to it every month. But, the initial nudge to get her one was important. Hopefully, having an account will make it more likely to put a little in every month? It's not everything, but it's also not nothing.
Of course, cheaper housing would help the kids more, but that has more entrenched interests opposed to it (almost every homeowner), and not even Dell has enough to overcome that.
- arevno 10mo ago> cheaper housing would help the kids more, but that has more entrenched interests opposed to it (almost every homeowner) I hear this often, but as a homeowner, I don't understand it. Assessed value tracks market value, and the last thing I want is property taxes rising. The only homeowners who would prefer rising prices are those looking to sell or over-leveraged landlords.
- rossdavidh 10mo agoWhat you say makes sense, and yet what I find in reality is that almost no one thinks this way; they want their house to go up in value. Perhaps everyone assumes that they will sell sometime in the next few years?