No, you’re claiming they have a spending issue, with the typical judgemental holier-than-thou undertone. My example is not that.
And I’m talking about my SWE neighbors in SV who have a desire to buy their own house just like almost everybody else. It’s just wrong to claim they have a spending issue.
They may be highly paid, but the house prices are commensurately higher too.
It is nearly impossible in the US in general to buy a house without taking on some amount of financial risk. It has nothing to do with being wasteful with money.
I mean, it's been the standard personal finance advice for decades. Step one is to set aside six months of emergency expenses. If you have an above-average income, you're capable of doing that. It's not "judgmental" to point out that this is indeed an intelligent strategy, just as advisors have been suggesting for years and years.
You yourself said that for the people you know who bought a house without that, "a job loss would be devastating." So you seem to agree with me and the personal finance advisors.
I did not say they had "a spending issue" or that they were "wasteful with money." Those were your terms just now. I simply said they should have rethought. You're turning that into some moral judgement, when all I'm saying is that it's bad strategy.
And I’m talking about my SWE neighbors in SV who have a desire to buy their own house just like almost everybody else. It’s just wrong to claim they have a spending issue.
They may be highly paid, but the house prices are commensurately higher too.
It is nearly impossible in the US in general to buy a house without taking on some amount of financial risk. It has nothing to do with being wasteful with money.