Unhappy People Shouldn’t Buy Houses

As you may know, I’m a big proponent of mobility—especially when we are young and ESPECIALLY if we are unhappy or unsatisfied with where we currently are.  So if you hate the current city that you live in or if you despise the current job that you have, then please DO NOT buy a house!  And do not over-leverage yourself (e.g. getting in too much debt)!

Nothing is more gut-wrenching than being stuck in a house that we really didn’t want… in a city that we really don’t like… in a job that we really want to quit!

If you are unhappy, please keep your options open—you never know what lies around the corner!

For instance, many companies do not offer relocation packages.  So even if you are perfect for a new job, if you’re upside down in a house 300 miles away from the dream job, then you’re pretty much STUCK where you are!

Likewise, if you’re deep in debt, you’re also STUCK.  How many times have you admired a great city, but your expectant income in that city is much lower than what you’re used to in the current city that you hate? Sallie Mae and Master Card are keeping you from living in your dream city, and that is shame!

What are some ways that you have kept your OPTIONS OPEN? #becomingyourtrueself

Mover Rates 2013

3 Comments
  1. As you can see from the graph, people are settling down more and more over the years. But I’m not so sure that is a good. I believe people are happier when they have options.

    In my circumstance, we love Tuscaloosa so we chose to buy a house here. And for the most part, there are good jobs here. That’s a reason to buy a house. However, if we hated it here, we wouldn’t have done that. We would have kept our options open.

    • I think this leads to a bigger picture question: If you are young, why should you commit yourself to a particular place or job? Even if you have kids, shouldn’t you at least leave yourself open to the option of advancement? All factors should be taken into consideration, but tying yourself to a place at a very young age seems like an overall low-yield decision.

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