146 karma · joined February 21, 2025
Number go up until we cannibalize the foundations.
You have to decide what "enough" is, and that's variable depending on your expected standard of living, etc. I am personally currently lucky enough to be in a good rental situation, which colors my view.
Having a landlord that will fix problems and eat incidental appliance/roof/major expenses is a form of insurance paid as rental.
Number cannot always go up. We are at the top of the carbon pulse. Financialization has taken us far from the material baseline of the rock we are flying through space on. Debt will only get us so far.
For this and many other reasons, why would you believe a house "as an investment" is a reasonable thing to keep hoping for, especially 30 years from now? If you have even a reasonably stable rental, it's less risk exposure if you can save some money that isn't tied up in a down payment.
https://books.worksinprogress.co/book/maintenance-of-everyth...
Ongoing servicing of that metabolic need requires continuous access to the same or greater amount of energy year after year. The world burns through its annual resource budget in July this year.
As we continue to extract more and more, the energy return on energy invested goes down, so net energy availability drops, making it harder and more expensive to continue the current basal metabolic rate, let alone fueling continuous growth. Because so much is built atop the energy mechanism, instability happens when it's threatened or changed.x
So maybe a better turn of phrase would have been that it's the first time we've harnessed so much energy at once and effectively put a lot of energy slaves to use per each person. Like starting to use fossil fuel to create fertilizer that enables more people to survive famines, you create a scenario where you need ongoing access to the same or greater amount of energy just to keep up. Not saying it was the wrong choice, just that we tend to fix issues by making more complex solutions that introduce future resource need.