I could just answer this question with one single sentence: “Because I have no money to do it”, and not even bother writing this post. However, I am doing otherwise, because not having the money is my choice. At some point in my life, I decided on not saving it. For this purpose, whenever it was, I made a choice of not staying in stable jobs and working for my creditworthiness.
Let me be clear. There is nothing wrong with having a mortgage. Actually, there is something of a value in it, because it tells the society around, that you are a smart and responsible person, who achieves things in life and makes progress. I am constantly being ‘reminded’ by my family members that I should get a stable job and save up for my flat. And perhaps they’re right. Nevertheless, I can’t feel it…
Society values in the West have changed massively within last decade, and what was desirable ten years ago, nowadays isn’t as much. The world is changing day by day, night by night, so do our beliefs. We are surrounded by info on the internet, social media and what people around us say and this affects our way of thinking.
It’s easy to get confused about what the ideal model of living life looks like, and most importantly, maybe there isn’t meant to be any?
Our parents were born in times when having your own place was not only an indicator of wealth and life success, but it was a bastion of security. In my view, the generation born in the first two decades after WW2 ‘transmitted’ the urge to build their own base after years of unstable life lead by their parents and grandparents.
But the times have changed and not many of us can afford our own place, even if we are working full time. Many of us choose to rent and save up for other things, instead of paying a mortgage.
As for me, I had a desire to buy my place one once. It was back in 2007 when I lived in Brighton (UK). I loved the city so much, was delighted by my life in England, which I considered home. Nevertheless, I ditched this dream for better-paid job in Germany, moved out (yes, even though I loved Brighton!). The opportunity never arose again.
Do I regret this? Not at all.
But hey, I understand that buying a house is also an investment. You may even make an extra cash on it when you decide to sell it off before paying the mortgage. I don’t condemn it, it’s a smart move for those who have family and want to feel settled somewhere. On the other hand, buying a house/flat… shouldn’t be done to impress others. Even, when you have a family, but don’t feel it’s the right choice at the moment.
What we need to understand is, that when we rent we are not JUST paying to a landlord and making them rich. We are paying for the freedom to bugger off at anytime when we decide, that the place we’re living in doesn’t meet our expectations anymore.
We are paying for freedom when we get an amazing job offer in another city, or the other side of our city and have to turn it down, otherwise, commute for hours. I don’t know about you, but I want to enjoy my house every single day of the week, not just on weekends.
And here is the thing: It’s not like I don’t want to buy my own place. I want it, but I want it for cash.
Maybe even two places. One in Europe and another somewhere in tropic lands. A nice big, place where I can invite all my friends and let them stay for as long as they wish. I need to work on this, and it’s not going to be easy. Maybe I’ll change my mind in a few years, but in the meantime, I committed myself to dreaming in rented places with freedom of going elsewhere when I am pleased.