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Originally Posted by €uroMeinke
Right On Brother! Money only has value when it is spent
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That's easy to say for someone who already owns a house. But unspent money has very real value to me when how much I have in the bank is the difference between owning a home and continuing to live in an apartment.
And for the record, I'm fine with the economic "punishment" I take. I've waited a little longer to own than I'd like, and I forgo the occasional luxury. But that's because I prefer the long term benefits over the short term gratification. I'm not saying that a less long-term monetary plan is "wrong" for an individual, I just think that having an economy that rewards high debt and no savings, making it the majority strategy by far, is an economy that's destined to crash.