Life is a debt trap

I'm a bit late on my Leo post today, sincerest apologies as I have had a busy morning being a good citizen to the debt trap.

So here it is, the moment that has been a mountain to climb and it's been a 3 year journey. This isn't my first home but it is my first build and it has me thinking about life and how and why we live it.

The Insert nation here dream doesn't really change on the country your live in. Home ownership is the pinnacle of said dream. The only thing that changes is price. There's even a tiered price system with wealthy areas having more expensive homes and lower socieo economic areas having cheaper homes.

If you're like me born into social/council/government housing another tier has emerged were there are now expensive homes in poorer neighbourhoods to meet the demand of kids who grew up in poverty but did well.

It makes no sense the housing market except houses are set at what people are willing to pay. If you believe that because that is also a lie. New estates like the one I'm building are Definitely not set that way. Their focus is on attracting that middle income to high income range for a patch of dirt that appears different.

Don't get me wrong it is different, because there are less houses and more nature reserves and parks the developers and government bodies lose out on profit. As that can't happen they sell the blocks of dirt for more and make them smaller so to balance their books with no thought of what people are willing to pay but rather someone is willing to pay. Which no doubt I am. Has a few added things like access to paid freeways which will get me to work in an hr and not 2 hrs+. COVID and working from home has given me a greater understanding of what that 4hrs a day is worth. Family.

But yet, here I am celebrating that the bank is borrowing me money I need to build. Long gone are the days that someone could save to purchase a home like this in one hit while saving. Well I'm sure people could just not the average joe.

It took me 10 years of saving, purchase of a smaller unit and a lucky boom in the housing market that saw my unit rise in value of 3.5 whole bitcoins in 3 years. A greater ROI then if I had of invested in Bitcoin itself and it was cheaper.

But what is the Insert Nation Here dream? Is it the home? No. Homes are a basic necessity and are required just so you can have stability and provide for your family. It allows you to get the job, it allows you to have a family, it allows you to effectively live. It's a relatively new concept believe it or not. Prior to this era and our parents it was log cabins, tents and a fancy house had 4 walls and a roof.

But governments and banks make no cash from that form of dwelling and people didn't need that much cash. So economies were smaller and life a lot easier because debt wasn't like it is today.

The the DREAM was created and backed up by building permits, regulations and standards. All this contributing to bigger houses. People pushing their opinion of what a home is onto others and then making them go into debt to build them.

Don't get me wrong, the house I am building is referred to as a McMansion. But they're only a new form of home that has been spurred in my generation.

See you can't have too much money floating around in people's pockets it puts the top end of town at risk as capitalism is able to he better supported and new industries and companies can easily form with high access to cash flow.

So the better way to retain wealth is to print it and hand it out and make a bunch or rules which forces people into an economic debt trap so that they must work for all their lives to pay off the lie.

Don't believe me? Go for a drive outside of cities into regional and remote areas where there isn't as much capital and the rules and regulations of cities disappear. My pop had a 4 wall and a roof house. My wifes pop, he was a bushy, a hard man, an actual black smith by trade, a pioneer and a settler.

He had land as far as the eye could see, his home. A swag under a tree, a camp fire and his roof were the stars. He survived this way until the ripe old age of 86. He had to do a stint in the hospital and wasn't happy about being in doors.

He had no debt and everything was paid in cash. His grandfather was an English Navy personal who when arrived in Australia was given land to operate as a farm.

He established a home stead and as a result 3 generations survived with no debt ever. Able to purchase whatever they wanted and need.

Obviously this level of wealth is bad for governments and banks so taxes rose, permits became a thing then running water and electricity was required. All of which was never needed for over 100 years and everything was fine.

It was fine, until the banks and governments wanted a slice of that 100+ year wealth.

His generation was the last and when he passed all but a tiny snippet of cash was left. Over 100 years 3 generations living off the land all of a sudden had to pay for all these things that were never needed throughout human history.

And here I am, celebrating a mortgage and about to become a slave to the banks.

Friday food for thought.

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