A house is a consumable good that provides utility

The same way owning a car should not come at the expense of building wealth, owning a home should not either

Freedom in this context is owning your time. Owning a shelter without owning your time is a worse trade off for many people than owning your time but not your shelter.

Reply to this note

Please Login to reply.

Discussion

Curious…. if buying a home was financially possible for you right now, would you do it?

Just trying to understand if it’s more about the principle or the price.

I can buy a house, but the opportunity cost in bitcoin terms is too great at the moment. As soon as “owning” is comparable or cheaper than renting then I will be looking to buy. At this point in my life I prioritize achieving financial freedom over owning a home.

I understand where you are coming from, but I attribute a lot of the house being a consumable good stems from the fact that houses are made so poorly now.

Toothpick houses:

Rushed job with no craftsmanship.

Generic and cookie cutter.

Bones are all cheap pine, which are providing incentive to ruin good forests by farming pine.

Bc of this we’re trying to save to build our own home out of large hempcrete blocks, and wood that is locally sourced and not just pine.

I just want my home to be sound and ecologically sensible and to be an appreciable equity would be a bonus.