Author Topic: Mustachianism on Marketwatch today  (Read 1859 times)

acroy

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Mustachianism on Marketwatch today
« on: May 21, 2018, 02:45:51 PM »
A good one
https://www.marketwatch.com/story/why-the-american-dream-of-owning-a-big-home-is-way-overrated-in-one-chart-2018-05-21
They nibble around the edges of MMM's concept of 'life optimization' re: huge houses. Red-pill moment for the ones who get it. Cool little heat map and link to family living in a 1,000 ft condo (also a fun read).

Still surprising that the average new home is 2500+sq ft, with an average household size of 2.5. I'd get lost in there.

A bad one
https://www.marketwatch.com/story/this-is-the-moment-people-suddenly-realized-they-werent-poor-anymore-2018-05-21
So people 'realize they aren't poor anymore' when they stop watching their spend on food. As we know that's a great way to get poor again!

Travis

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Re: Mustachianism on Marketwatch today
« Reply #1 on: May 21, 2018, 05:09:37 PM »
A bad one
https://www.marketwatch.com/story/this-is-the-moment-people-suddenly-realized-they-werent-poor-anymore-2018-05-21
So people 'realize they aren't poor anymore' when they stop watching their spend on food. As we know that's a great way to get poor again!
It's an interesting premise that you're not poor when you can buy groceries without worrying about the final price tag.  It doesn't mean they're going to spend every spare dime they have on grass-fed organics when a month prior they were on food stamps.  They may very well still be frugal couponers, but they just had an epiphany that they didn't have to be anymore.

That being said, linked inside that article is one that complains that millions of families are "struggling" and can't make a "barebones" household budget that includes - a smartphone.  It then states those families can't "cover an unexpected $400 expense..."

I have a suggestion...

Seriously though, I have no doubt there are millions of people who struggle to make ends meet for a litany of reason.  I just find it absurd to include a smartphone as one of those expenses.

A good one
https://www.marketwatch.com/story/why-the-american-dream-of-owning-a-big-home-is-way-overrated-in-one-chart-2018-05-21
They nibble around the edges of MMM's concept of 'life optimization' re: huge houses. Red-pill moment for the ones who get it. Cool little heat map and link to family living in a 1,000 ft condo (also a fun read).

Still surprising that the average new home is 2500+sq ft, with an average household size of 2.5. I'd get lost in there.

It felt like the author could have expanded on this so much more.  His final statement was "buy what you need," but could have included something like "ask yourself how much that space you don't use is actually worth to you."  Is that extra bedroom full of trinkets or for some nebulous guest worth $1000/year in additional mortgage payments?
« Last Edit: May 21, 2018, 09:20:16 PM by Travis »

letired

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Re: Mustachianism on Marketwatch today
« Reply #2 on: May 21, 2018, 05:13:54 PM »
Seriously though, I have no doubt there are millions of people who struggle to make ends meet for a litany of reason.  I just find it absurd to include a smartphone as one of those expenses.

I actually disagree quite a bit with this point. If you need access to the internet for work purposes (applying for jobs, seeing your schedule as an hourly worker, etc), a smart phone can be a good solution to that problem because it can be a phone, computer, and internet access all in one device + subscription that is not subject to installation fees or router/modem fees if you find yourself moving frequently.

aperture

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Re: Mustachianism on Marketwatch today
« Reply #3 on: May 21, 2018, 07:09:20 PM »
https://www.marketwatch.com/story/this-is-the-moment-people-suddenly-realized-they-werent-poor-anymore-2018-05-21
So people 'realize they aren't poor anymore' when they stop watching their spend on food. As we know that's a great way to get poor again!

Actually the experience of not realizing I wasn't poor anymore was very similar for me. It came when I realized I could buy a battery without having to figure out what I would give up to have it. For me, a battery was at the margin of necessity and luxury. I can remember when paying for a battery was a hardship, and I remember when it was no longer a hardship.

Escaping poverty was a much greater accomplishment for me than achieving FI. Getting out of poverty meant life itself while FI is freedom - a wonderful second to living, but second none the less.

zolotiyeruki

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Re: Mustachianism on Marketwatch today
« Reply #4 on: May 23, 2018, 08:07:37 AM »
GetRichSlowly has a similar, and similarly fascinating, article up:
https://www.getrichslowly.org/american-home/

When I think about which rooms in our house get used the most/least, yeah, there's definitely some unused space, but not nearly as much as I expected.  Almost all our rooms get used a lot, but it varies with the time of day.  Even the guest bedroom gets used a lot by kids that want some time away from the chaos.
« Last Edit: May 23, 2018, 08:11:50 AM by zolotiyeruki »

Moustachienne

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Re: Mustachianism on Marketwatch today
« Reply #5 on: May 23, 2018, 11:56:29 AM »
GetRichSlowly has a similar, and similarly fascinating, article up:
https://www.getrichslowly.org/american-home/

I read "Life at Home in the Twenty-First Century: 32 Families Open Their Doors", the book based on the research, a few moths ago.  I think I heard about it from a Forum posting.  Strongly recommended!  Lots of photos for the looky-loos among us. :)  It was available from my library. (Also interesting to see how many middle class LA families in the study were living in versions of 1950's or 60's ranch homes, not in McMansions.)

We're 2 people in a 2200 sq.ft bungalow; 1100 sq. ft. on main living floor, 1100 in slightly finished basement space.  It's plenty of space for sure but after reading the book I analyzed our space use and realized that we were using some spaces much more than others.  In fact, not too different than the families in the book, which kind of shook our self image.

As well as taking a harder look at what we're storing and how much TV/computer time we're spending, my biggest takeaway was that we were not organizing our time and habits to take advantage of our deck and back yard so we made changes there.   Morning tea and afternoon gin and tonics on the deck!   Tea daily; G&T's less often.  :)

ixtap

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Re: Mustachianism on Marketwatch today
« Reply #6 on: May 23, 2018, 12:27:00 PM »
We live on a 40' sailboat and still sometimes wonder if we are really using our second cabin enough to justify it. Luckily, it is hard to get as much tankage on a smaller boat, so we aren't really tempted to downsize.

FrugalFisherman10

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Re: Mustachianism on Marketwatch today
« Reply #7 on: May 29, 2018, 07:36:54 AM »
We live on a 40' sailboat and still sometimes wonder if we are really using our second cabin enough to justify it. Luckily, it is hard to get as much tankage on a smaller boat, so we aren't really tempted to downsize.
haha this is awesome. Are you located in greece perhaps?
I ran into a couple that was staying in greece on their sailboat..had sailed there from Texas

ixtap

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Re: Mustachianism on Marketwatch today
« Reply #8 on: May 29, 2018, 08:47:42 AM »
We live on a 40' sailboat and still sometimes wonder if we are really using our second cabin enough to justify it. Luckily, it is hard to get as much tankage on a smaller boat, so we aren't really tempted to downsize.
haha this is awesome. Are you located in greece perhaps?
I ran into a couple that was staying in greece on their sailboat..had sailed there from Texas

We are still at dock in the the US. We are not sure we will ever make it to the Med. We might travel that part of the world during the southern hemisphere storm season.