why don't they just rent a place to live and enjoy their time left in this world? too many people save every penny to pay off monthly mortgage, not going out, no travelling, what's the point of living when by the time you pay off you are old
2007-03-19 00:00:38 · 10 answers · asked by Anonymous in Family & Relationships ➔ Family
I agree. Too many people are living beyond their means these days in big houses with big mortgages. I guess to some people it;s worth it to have the big house in the right neighborhood. Personally, I'd rather rent or live in a small place I can easily afford and still be able to go and do things together. I know it's important to save some, but to put it all away while you're young and not travel or have things because you are saving for retirement seems silly to me. We never know how long we're going to be here so I say live life to the fullest now.
2007-03-19 00:07:49 · answer #1 · answered by vanhammer 7 · 0⤊ 0⤋
You should not live in poverty to pay your mortgage. If this is the case than you have the wrong house. There should be a balance of you what you pay for a house in relation to what you make. But why rent when all that money you pay to rent can purchase you a house for your retirement? You work hard now and buy your home and build your nest egg. Go ahead and travel now and buy all those fun items like jet skis and speed boats. See how well they benefit you when you are 65 and need heart medicine everyday. Social Security may not be around when I turn 65. Do I want to chance it? No. I will still need a place to live and food to eat.
2007-03-19 17:02:49 · answer #2 · answered by cytopia1 3 · 0⤊ 0⤋
I wouldn't say I live in poverty, but it is a struggle to meet mortgage repayments along with all the other things one has to pay for on an ongoing basis. But my mortgage is not much more than I would be paying in rent, and I much prefer the security of knowing I am not going to get kicked out at the end of the lease because the place has been sold or whatever. Each to their own.
2007-03-19 07:19:24 · answer #3 · answered by ( . ) ( . ) 2 · 1⤊ 0⤋
You know it's all about how you look at life and what's important to that individual. Some people would rather have a place they can call their own. A place they can plant what they want in the yard or garden. A place they can paint whenever they want. A place they can jump in and get their hands dirty fixing up if they like that. They would see you throwing away your money on things that don't last, that will never pay anything back and think "what a huge waste".
While you see it as building memories and having fun living. Neither one is more right than the other as long as you are happy with your decision and they are happy with theirs.
2007-03-19 14:18:54 · answer #4 · answered by Critter 6 · 0⤊ 0⤋
Rent in just as expensive as a mortgage in most cases unless you want to live in an undesirable area or a small efficiency apartment. People enjoy having the thing they have amassed through life around them and although travel is nice it is only for a very short period of time. As for going out, going out to eat alone isn't very much fun.
2007-03-19 07:08:40 · answer #5 · answered by don n 6 · 1⤊ 0⤋
people with kids generally want to leave something for them , a house so the kids don't have to start from zero.
My parents had the attitude you express, fun life, live it now, don't worry.
Now they are 60, broke, nothing to show for it. The drank and smoked it all away, since the 60's.
I worked my way up from nothing, now I have a good income, and a house.
And monthly mortgages don't have to take all your money. There are houses in economically depressed areas of the country that sell for 17,000 - 20,000. Can be paid off in a year or less.
2007-03-19 07:36:17 · answer #6 · answered by A Military Veteran 5 · 0⤊ 0⤋
because they want to know they have a place to live when they are old? who wants to be 65, 75, 85 and have to worry about where the rent is going to come from? lots of older people have to choose between a place to live and food or the rent. would you want to live like that? i wouldn't. and if they are doing it without welfare, leave them alone!! they are responsible people, contributing to society and paying their own taxes so you don't have to. and its not your life so why worry about it? worry about it when you are too old to work anymore and can't pay your rent, then you'll wonder, why do young people waste their money on frivolous things instead of worrying about their future?
2007-03-19 07:07:25 · answer #7 · answered by heather l 4 · 2⤊ 0⤋
Bad judgment at the time of purchase in not thoroughly examining the cost of same or perhaps hoping the appreciation in value will make them a lot of money fast, another mistake.
2007-03-19 07:07:09 · answer #8 · answered by Ted 6 · 0⤊ 0⤋
Lol!! You must be a landlord. Right...pay your money to make some clown rich while you have....nothing. Not to smart.
2007-03-19 07:04:19 · answer #9 · answered by Anonymous · 0⤊ 0⤋
They have their priorties mixed up
2007-03-19 07:28:57 · answer #10 · answered by dumpllin 5 · 0⤊ 1⤋