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However, if all your money is going into your house then you need to pretend that it represents wealth in some way or the other, which is only true when, and if, you can afford to downsize or move to a cheaper area.

Thanks, Thorstein.

"It's the statue, man, The Statue."

by Migeru (migeru at eurotrib dot com) on Mon Mar 26th, 2007 at 06:36:53 AM EST
[ Parent ]
Well, if you're going to provoke me, I'll point out additionally that a lot of house buying is pure conspicious consumption.

The other reason we're relaxed is that neither the house we're buying nor the one we're selling are putting a huge load on our finances. By spending a sensible amount on our home, which is a form of consumption, we can afford to invest a reasonable slice of our income.

If we'd gone for the €750,000 house in a fashionable part of town rather than the much cheaper one in  a respectable part of town we couldn't afford to invest or save anything. Or eat.

by Colman (colman at eurotrib.com) on Mon Mar 26th, 2007 at 06:42:51 AM EST
[ Parent ]
Who needs to eat when your toilet seats are gold-plated?

"It's the statue, man, The Statue."
by Migeru (migeru at eurotrib dot com) on Mon Mar 26th, 2007 at 06:44:56 AM EST
[ Parent ]
You're right. You wouldn't want to use the toilet seats - you might wear them out.
by Colman (colman at eurotrib.com) on Mon Mar 26th, 2007 at 06:45:37 AM EST
[ Parent ]

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