Originally Posted by
sailingfun
What he did is certainly fine but if he had jumped into the best house he could afford he would have generated a tremendous amount of equity in recent years. He could sell the fancy house and pay cash for a nicer house than he has now and bank a bunch of cash on top of that.
Not everyone wants a massive house. Some people don’t want to be in the rat race of ever increasing escalating consumption and fancy and fancier everything. Plus he saved money all along by not paying for “the best house he could afford.”