When you are expecting the end of the world to come anytime in the very very near future, yes buying a house might seem impractical, but going by the Watchtower Corporation record of dates gone by where nothing ever happened we would have to conclude that this advice and words to the wise are utterly worthless.
December 1,2014 watchtower saying buying house is bad
by hoser 67 Replies latest watchtower beliefs
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new hope and happiness
The society is still buying property.
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punkofnice
It's simple:
GIVE YOUR MONEY TO THE GOVERNING BODY INSTEAD!!!!
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Emery
"Don't buy yourself a house. Buy us a house, thanks."
- The Governing Body
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GrreatTeacher
When the housing bubble hit the US we were ready to sell and move to a bigger home, but were priced out of the market. So, we remodeled and added an addition that doubled the size of our house. While buying more square footage in the form of a new house was overpriced, building new square footage onto an existing house cost the same as it always had, about $100 per square foot.
We now own a larger home, and compared to our mortgage payment, we could rent it out for at least double that amount!
My SIL, however, bought at the height of the bubble and when they needed to move to a larger house because of having kids, they owed more than the house was worth. So, they had no equity to use as a downpayment on a larger house. They had to save tens of thousands of dollars for the next half decade for a downpayment on a new house. The old house hasn't yet rented and they may lose it to foreclosure.
My point is that you need to educate yourself about finances, mortgages, etc. I obsessively gobbled that information up and even took a college class on personal finance. I bought my first house at age 21, renovated it and flipped it for a profit that was used on a downpayment on a larger home. If I hadn't made it a point to follow real estate trends, I may not have recognized the bubble for what it was and may have ended up upside down on a mortgage right now, like my SIL, who, BTW is very smart, but just never educated herself on real estate.
Education, education, education! And that is exactly what the WTS discourages.
They might be kicking themselves in their collective ass when rents continue to rise and renters can't afford to donate anymore.
Funny, though, how the elders in my parents' congregation all own their own homes and/or businesses. It seems this advice is for the poor sidelined peons in the congregation. Maybe it helps them feel better since they can't afford to buy a house anyway.
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Vidiot
frankiespeakin - "...going by the Watchtower Corporation record of dates gone by where nothing ever happened we would have to conclude that this advice and words to the wise are utterly worthless."
Hell, you could almost say that you're better off doing the direct opposite of what the WTS says!
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Oubliette
GT: Maybe it helps them feel better since they can't afford to buy a house anyway.
I think you're on to something here!
The WTBTS carefully cultivates a victim mentality among their adherents. It keeps them easier to control.
As you explained very clearly in your post, education is the key to freedom. This is why the WTBTS is against that.
Let's review: It's a cult!
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Frazzled UBM
nhah said it all: "The society is still buying property."- The WBTS is saying 'Do what I say not what I do!' Hypocrisy writ large!