Hacker News Reader

Comment by steve_taylor | Hacker News Reader

Do you have kids? Do you have a wife pressuring you to save for a deposit on a house and get a mortgage in an overpriced market in order to provide a stable environment for the kids?

I doubt it. This is typical generic startup know-it-all bullshit.

View on HN

The cynical me hints that "for the kids" is just a nice way to say "I need an option for 50% that I get to execute, should I leave our startup." With this logic, the price of the house doesn't matter.

I have kids, launched my company the same year my son was born, and 100% agree with his statement.

There's room for some level of success outside of failing that "level 0 test", but there's also a lot of truth in those words too.

>>Do you have a wife pressuring you to save for a deposit on a house and get a mortgage in an overpriced market in order to provide a stable environment for the kids?

Wait... are you seriously suggesting that struggling to save the deposit for and then buying an overpriced house will provide a stable environment for your kids?

If the environment was poor, people probably would not bid much for the house.

You're attacking a strawman. Nobody was saying anything about struggling. Accumulating a down payment is by definition a lengthy process because you have to pay rent while you are saving up money. If you could get a mortgage with 0% down you could immediately convert the money you would have spent on rent into equity.

Reply on news.ycombinator.com