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customerserviceguy

(25,183 posts)
4. Get a job
Mon Nov 25, 2019, 09:12 AM
Nov 2019

spend less than you earn, and save the rest. It also helps greatly to avoid my mistakes, like marrying the wrong person.

The biggest reason that homeowners have more money on hand than renters is that the skills needed to save up for a downpayment are the same skills needed to save up for retirement.

Edited to add: I don't see anything wrong with buying a home and paying it off for the long term, but when a realtor pushes the idea that buying a house is some sort of get rich quick scheme, I have to challenge that. Millions of people get sucked into buying at the wrong time (I know, I did it myself) when prices are at a peak, and it takes a decade or more for them to build any meaningful equity.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
Elizabeth Warren Took On Obama Over Student Debt Forgiveness. BeckyDem Nov 2019 #1
Hmm, spokesperson for the National Association of Realtors, eh? customerserviceguy Nov 2019 #2
What's your plan for building wealth, Service Guy? BeyondGeography Nov 2019 #3
Get a job customerserviceguy Nov 2019 #4
Student debtors have jobs. Rents are a potential runaway variable cost BeyondGeography Nov 2019 #5
As I said customerserviceguy Nov 2019 #8
How many economists? Two? redqueen Nov 2019 #6
Yeah, two BeyondGeography Nov 2019 #7
Latest Discussions»Retired Forums»Democratic Primaries»Economists Say Forgiving ...»Reply #4