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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

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 2y 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...