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boppers

(16,588 posts)

8. Who wants to gamble on such an unstable "investment"?

Reply to Liberal_in_LA (Original post)

Sun Dec 18, 2011, 10:43 PM

Dec 2011

"Buying" (mortgaging) property is gambling, just like putting money in the stock market, with no certainty of ever seeing a return.

There's also a generational shift in mobility... if you're just moving every few years anyways, buying a house in one fixed location can really screw up your future career opportunities, tying you down.

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Your choice: A house or a college degree [View all] Liberal_in_LA Dec 2011 OP

that is exactly the choice I made nearly 20 years ago.... mike_c Dec 2011 #1

The 1% don't want any more Baracks marybourg Dec 2011 #2

I'm kind of convinced cyglet Dec 2011 #3

The island of desolation , is over populated. orpupilofnature57 Dec 2011 #4

We chose college (grad school) abelenkpe Dec 2011 #5

No surprise, and as it should be, imo. elleng Dec 2011 #6

We bought a house in our 20s and had to sell it. JDPriestly Dec 2011 #13

If the degree will increase your employability and earning power, it may be worth borrowing for FarCenter Dec 2011 #7

Liberal Arts education is dead. Tech school for all! n/t Ed Suspicious Dec 2011 #11

Liberal Arts education has always been "finishing school for the upper middle class" FarCenter Dec 2011 #14

Who wants to gamble on such an unstable "investment"? boppers Dec 2011 #8

Buying a house is highly leveraged and has a high transaction cost FarCenter Dec 2011 #15

My wife and my student loan payments total more than our mortgate payment. OneTenthofOnePercent Dec 2011 #9

Ours are close. They're definitely the biggest non-mortgage expense we have. n/t iris27 Dec 2011 #12

I think in civilized countries you can have both AND socialized medicine! nt valerief Dec 2011 #10