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Originally Posted by Van Gogh
The general assumption of diminishing marginal utility of income and wealth, combined with the assumption that age corresponds positively with income, leads to the conclusion that in order to maximize lifetime value, students and young adults should make debts that they then pay back later in their life.
Do you agree with this theory?
I can't fault the logic of this, but I do believe it's wrong.
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Did anyone regret not spending enough in their 20s/30s?
Still in that age bracket, but I've never regretted paying for a nice apartment or villa. Living somewhere beautiful is a big part of mood/quality of life, at least for me.
That said, I don't mind flatshare at all. You can have a nicer apartment sharing than you can on your own. It's just a bit of working finding the right people. There are a lot of things you can do if you want a different flat share situation other than sharing with people your age: sharing with older people, housesitting (you can get some lovely places once you build up a reputation), etc
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Good apartments are super expensive though where I live, and my saving rate would go down to about ~30% (I would then spend about ~35% of my income on the apartment). Any advice regarding my situation?
If you have substantial savings, why not try it for a year? It shouldn't make too much of a dent. If you like it, then continue; if you can't justify the cost, then move back into sharing. Or get someone in that you like/can screen. Fly in/fly out workers, people that go on the road a lot, super busy professionals can be like having an apartment to yourself.
So my advice: try stuff. Get creative.