Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected].
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try [email protected] or [email protected]
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Even rich people don't do that.
Although we now know the metaphor is flawed, I don't have a better one: people are like goldfish*: their spending increases to match their income. You make $100,000/y and buy a $300,000 house with a mortgage. The average person who makes $1,000,000 isn't going to buy a $300,000; they buy a $3,000,000 and still need a mortgage. If they make $30,000,000, they'll still take a mortgage because they also want to buy that G500 Gulfstream and a megayacht.
Maybe when you get into the billionaire range, they're just paying cash. But the "just slightly" folks aren't paying cash; they're buying more expensive houses.
A paid-off house is just a house someone's lived in, continuously, for 30 years.
Good point, but misses the brief. We're talking normal people who are doing well, not mega yacht rich.