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3 Bumps

Is it wrong for saving up for a home?

We all want nice homes. Not all will get them. Some countries are starved, living on the brink of starved, etc. Why should some get homes and have it all and some have nothing?

Do you think we all have changed since the time of previous wars and famines across the world?

Answer Question
 
coffeeyum

Asked by coffeeyum at 10:42 AM on Oct. 20, 2010 in Money & Work

Level 17 (4,486 Credits)
Answers (10)
  • i'm not really sure what your aiming at, but no, its not wrong to save up to buy a home! its financially smarter to be able to put down a bigger down-payment, then to get a loan that you can't cover, or that puts your finances in a bind. that's the problem with the whole home-buyers fiasco..loans were given to people who really couldn't afford them!
    not everyone can or does save their money for 'good debts'. some quander their paychecks like there's no tomorrow, not worrying about the bills that are coming inbetween pay periods..and there are always bills. some people are more financially smart, and budget themselves, and stick to their budget. that's part of the reason why some 'get homes and have it all and some have nothing'.
    dullscissors

    Answer by dullscissors at 10:47 AM on Oct. 20, 2010

  • ^^Yeah, what she said!^^
    QueenMomma2023

    Answer by QueenMomma2023 at 10:48 AM on Oct. 20, 2010

  • It is not wrong to save up. If getting a home is a goal, it is something you have to work towards.
    The ones that get them are the ones that reach their goal.
    Get an education
    Obtain a career
    Save towards the down payment
    Maintain a good credit rating
    Do not spend on unnecessary things
    Be persistent
    Research to find a good deal that meets your needs

    Hopefully you will be able to achieve this, if it is your goal.
    It may take sacrifice. You have to decide if it is worth the sacrifice.
    tootoobusy

    Answer by tootoobusy at 10:48 AM on Oct. 20, 2010

  • No it is not wrong at all, it is after all the American dream! Why should some get homes and have it all and others get nothing?? because those who do work for it and those who don't, get zilch!
    older

    Answer by older at 10:51 AM on Oct. 20, 2010

  • Why should someone who doesn't have the drive or means to obtain a home, own a home? You can't sit on your butt and do nothing and expect everything to be handed to you, (although MANY people do expect that). People who do have a home obviously have the drive for something more and better and obviously the financials to purchase a home. Do you want to give up your home to the homeless man on the street and take his place? Probably not, because you worked for your home and he doesn't, thats why he doesn't have one. I don't know if I'm even making sense anymore but I hope you at least get my point.
    bjojola

    Answer by bjojola at 11:00 AM on Oct. 20, 2010

  • Saving up for a home means discipline in the way you handle money. It creates patience and responsibility; as well for the appreciation for what you have.
    musicmom08

    Answer by musicmom08 at 11:06 AM on Oct. 20, 2010

  • Even though it's presented as the American dream, home ownership is not necessary for life. There are advantages and disadvantages to it. Not everyone who works hard, sacrifices, and scrimps can afford their own home. Not every person benefits from owning a home. If you move a lot, or live in an expensive big city, home ownership makes little sense. That said, home ownership is not a right, just like having a car or owning a Rolex is not a right. Why some people have more than others is a loaded question. Work ethic factors in, as does education, circle of friends, skills, timing, risk tolerance, and even apperance. The more of those you have the better "chance" you have. But be assured lazy, sloppy, uneducated, unskilled people do not make it. Focus on what you can do to better your situation. Make realistic goals and plow ahead.
    oddfox

    Answer by oddfox at 12:01 PM on Oct. 20, 2010

  • No, we have not changed. There has always been a huge gap between rich and poor.
    HotMama330

    Answer by HotMama330 at 12:04 PM on Oct. 20, 2010

  • It's not wrong to save for a house
    Cassandre

    Answer by Cassandre at 2:57 PM on Oct. 20, 2010

  • I don't think so. Is it wrong to go to the store and spend $1,000,000 on stuff? It's the same thing with a home. You actually pay for the land, pay for the constriction work, pay for the electricity and the taxes. In a small way, buying or building a home that big helps create jobs. IMO it's not wrong. If that's what you want to do.

    Me though, I would hate to clean that.
    Erica_Smerica

    Answer by Erica_Smerica at 11:17 PM on Oct. 20, 2010

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