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Re:How I Think About Debt by dgfitz on Monday May 06, 2024 @10:10PM (#40281579)
It’s just a numbers thing. Applying emotion and trust (in your words) to a numerical financial decision is naive at best. I would try to change your mind with numbers and facts, but I can tell it would fall on deaf ears/eyes.
Re:How I Think About Debt by paulcole on Monday May 06, 2024 @11:00PM (#40281901)
Yeah I don’t deny there are ways to make more money than the choice I made. How would you answer the question I asked?

> I would’ve done better financially by buying a home somewhere I don’t want to live, but what’s the point?

Few decisions are purely numerical to most people. Or rather there are many decisions people claim are purely numerical and then make suboptimal numerical decisions on.

It doesn’t make my choice a bad choice and doesn’t mean that I threw my money away on rent anymore than a homeowner threw their money away on a refrigerator, property taxes, etc.

I exchanged a small amount of money for a place to live and had money left over to spend/invest in other ways and I got to live in an area I really love.

I guess that’s what I get for being naive at best.

Re:How I Think About Debt by dgfitz on Tuesday May 07, 2024 @10:17AM (#40285751)
It was this comment:

> Something similar to this is why I prefer renting and why anyone who unshakeably believes renting is “throwing money away” is immediately suspicious to me.

That doesn't seem like a rational take. Renting IS throwing money away if your goal is to maximize wealth. Paying off a mortgage early when you can get a higher % return in the market than the interest rate of your loan is ALSO throwing money away.

To try and claim you're generating more wealth by renting just isn't true. To claim you're living the lifestyle you prefer, great.

To be suspicious of everyone who makes such a mild claim is a microchasm of why the world is going to hell in a handbasket.

Re:How I Think About Debt by paulcole on Tuesday May 07, 2024 @12:09PM (#40287532)
> Renting IS throwing money away if your goal is to maximize wealth

I never said that was my goal.

> To try and claim you're generating more wealth by renting just isn't true.

I never claimed this. I have rented and I have generated wealth, however.

> To be suspicious of everyone who makes such a mild claim is a microchasm of why the world is going to hell in a handbasket.

It's usually because these people refuse to believe there's any benefit to renting and jump to conclusions and claim I said things I never said.

I wonder if I can find an example of such a situation?

Re:How I Think About Debt by dgfitz on Tuesday May 07, 2024 @03:50PM (#40290711)
Ignored this line by me huh? Convenient. Or, to you your word, suspicious.

> To claim you're living the lifestyle you prefer, great.

Re:How I Think About Debt by paulcole on Tuesday May 07, 2024 @05:17PM (#40291602)
No, I saw it. Congrats on getting one thing not completely wrong. Go for two next time. No point in trying to be perfect all at once.
Re:How I Think About Debt by dgfitz on Tuesday May 07, 2024 @07:34PM (#40292737)
You must be a blast at social gatherings lmao
Re:How I Think About Debt by paulcole on Tuesday May 07, 2024 @07:45PM (#40292815)
I’m really not!