Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The more you talk about opportunity cost, the more I think you live your life leveraged to the teeth.

That's fine when all is well -- you're employed, you're healthy, the market is going up.

What happens when any of those circumstances changes?[/quote]

Mortgage = leveraged to the teeth. What's your point again? The point of renting is to allow flexibility in your overhead so that when circumstances change, you're not dealing with foreclosure. Only a dumb Millennial basher would completely mix up the concepts and celebrate the idea of taking on an enormous amount of debt. [/quote]

You've made your point PP (this is NP from above btw).

Not everyone gets a mortgage that leverages themselves to the teeth. My mortgage payments are several hundred LESS than what I was paying in rent. Now I'm getting closer to being able to max out my TSP! It's saving me money, even as I increase my savings and my ability to invest.

Clearly what you are doing is working for you - that's what it needs to do. What I'm doing is working for ME (the person it needs to work for!), and PP with a good job and poor health - sounds like he's very happy with where (s)he is in life as well. Which is excellent.

Now stop telling them they have no idea what they're doing, because you're acting as though you are the ONE person who knows anything about finances. You're not. There are many theories on how to invest, and each person needs to do it in a way that works for them and their willingness to take risks, and there is more than one way to do it "right".[/quote]

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