Because the prices will only go up, judging by what happens further West (I live in Eastern Europe). Five, six years ago I used to believe that wouldn't have hold true going forward, reality contradicted me.
I do not want to "chase better" jobs into my 50s or, God-forbid, into my 60s, I'm content with what I have on that front. No, we do not have (more than emergency) savings, no, we do not have a strong family-support network, no, I don't believe we're the only ones in our age cohort that are in that situation.
I understand now. Definitely property values haven risen proportionately faster than wages in most of the big cities of the USA. This causes wealth distribution by age to be suboptimal. 40 y/o have too little wealth compared to 70 y/o.
Because the prices will only go up, judging by what happens further West (I live in Eastern Europe). Five, six years ago I used to believe that wouldn't have hold true going forward, reality contradicted me.
I do not want to "chase better" jobs into my 50s or, God-forbid, into my 60s, I'm content with what I have on that front. No, we do not have (more than emergency) savings, no, we do not have a strong family-support network, no, I don't believe we're the only ones in our age cohort that are in that situation.