Re:A letter to Steven Pinker about global poverty
by igravious on Wednesday February 13, 2019 @12:54AM
(#19150788)
I see what you're saying.
That's too counter-intuitive for me. I'd need a lot more than one article to change my mind on this.
All other things being equal, if you're paying down a mortgage rather than lining someone else's pocket that has to be a good thing for you. Because when you have the mortgage paid off you own a property.
Just because in some places (like parts of Europe) there are tenant councils and strong tenant rights which makes being a tenant less bad doesn't then make the reverse situation (working towards owning your own home) less good.
And just because there are negative externalities to homeownership in a certain job market says just as much about that particular job market as it does about homeownership.
That's too counter-intuitive for me. I'd need a lot more than one article to change my mind on this.
All other things being equal, if you're paying down a mortgage rather than lining someone else's pocket that has to be a good thing for you. Because when you have the mortgage paid off you own a property.
Just because in some places (like parts of Europe) there are tenant councils and strong tenant rights which makes being a tenant less bad doesn't then make the reverse situation (working towards owning your own home) less good.
And just because there are negative externalities to homeownership in a certain job market says just as much about that particular job market as it does about homeownership.