If you’re in the wealth accumulation phase of your life, I think buying a home is a terrible decision (in most cases). Prove me wrong. Seriously. I’m not being rhetorical. I want to see if there’s math that says otherwise.
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Said like a single guy with no family and no desire to lay down roots in a community! Also in many areas rents are increasing 4-8 % per year and are equal or higher than comparative mortgage costs.
I have a family. You can put down roots, have a family and buy a home...AND admit it's a horrible financial decision and do it for emotional reasons. Buying a fancy car is a bad financial decision. Yet, you can do it anyway because it makes you happy.
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But yes - I have delayed having kids as I've prioritized wealth accumulation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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couldn’t you be in the wealth accumulation phase of your life without prioritizing the accumulation of wealth above all else? You could buy a home and still accumulate wealth. It doesn’t have to be a “terrible” decision just because it’s not the decision that maximizes wealth.
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I agree that you can make some terrible decisions but still ahcieve it.
End of conversation
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