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A comment on On the Experience of Being Poor-Ish, for People Who Aren't. Parent comment

Re:On the Experience of Being Poor-Ish, for People Who Aren't by mc32 on Monday March 01, 2021 @12:00PM (#26304917)
One of the things I know poverty did was make me hesitate to take on a mortgage. It was such a burden to think at any moment I might not have a job and then lose everything.

I also remember being the kid who didn’t buy Nikes or the natural rubber soles to play sports on parquet, so had to do with other sports that didn’t have that requirement.

I also remember the PE teacher telling me I could not just wear short pants, I needed to get sports shorts...

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Re:On the Experience of Being Poor-Ish, for People Who Aren't by JKCalhoun on Monday March 01, 2021 @12:21PM (#26305271)
Yes, I was afraid of a mortgage as well. But seeing the cost of homes rise to outpace my ability to save was what opened my eyes.

After buying (mortgaging) a home though, I was surprised that it was not the liability I expected it to be — even with the interest on the mortgage, it was my biggest asset and always has been.

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Re:On the Experience of Being Poor-Ish, for People Who Aren't by adkadskhj on Monday March 01, 2021 @12:26PM (#26305351)
Yea, that's why i ended up with a house, too. Rent was so variable. It went up and up and up, and while i didn't have to deal with repair/etc, it felt like i had no control.

At least with a house i can budget to pay it off and budget to repair it. Both seem reasonably stable to plan for, assuming you make enough money.

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