The following is a guest post by Kristy from Millennial Revolution. Kristy and her husband have been all over the Canadian news recently for denouncing homeownership. They considered buying a Toronto property in their late 20s when they realized they couldn’t get anything nice for ~$500,000. Instead of buying, they saved as much as they could, rode the bull market, amassed a $1M investment portfolio, and quit their jobs to travel the world by age 31.
Given I’m pro homeownership because I’d rather be a price dictator than a price taker, I thought it’d be great to get the other perspective. Their blog is written with an irreverent flair that I enjoy. It’s one of those things that happens when you become financially independent and don’t give a damn what other people think. So for those of you who are pissed off about ridiculous home prices in places like San Francisco, Honolulu, London, Sydney, Mumbai, Hong Kong, Vancouver, Toronto, and New York City, know that homeownership isn’t the end all be all!
Disowned For Being A Millionaire: Why I Still Won’t Buy A House
When I first told my mother I was a millionaire, her response was:
“So what? You don’t even have a house.”
Didn’t matter if the houses in Toronto were unaffordable. Didn’t matter if I didn’t want to work a stressful job I hated just to pay off a massive mortgage. Didn’t matter if I have enough money to live the rest of my life with complete freedom, never having to set foot in a corporate prison again.
Without a house, I was a loser.
My parents and I barely speak anymore. Other than the occasional e-mail or phone call, we haven’t seen each other in a year. What’s the point? It’d just be the same fight every time.