What does a home really cost?

Part of the inspiration of the tiny home movement is saying goodbye to insane mortgages.

Psychologists have identified that we humans are good at comparing similar items - like one car versus another - but much less good at comparing between items from different categories.

This house auction satirical ad points out the things we sacrifice to be an owner of a home.

I think it could go further. Many people spend years, or decades, in jobs they hate - just to afford a house they can call their own. I guess that's fine if you value the house more than those lost years. But if that's not the case, are we better off having smaller homes? Or renting? Or both?

Part of what I'm doing is discerning what I value in life, and working out how to make a life that reflects that. I reckon that's part of the key to happiness - lining up our values and our actions.

Comments

What to do with 128 pens?

I never need buy a pen again. Ever. The pen round-up. I searched the house for pens and gathered them up. We had 128. Woah - that's more than I expected. Then it was test-time. (You can get a lot done watching summer sport ;). Good ones went on the table. Broken ones in the box. Pen operations I saved a few 'broken' pens, by taking working insides and matching them with functional outsides. Particularly much-loved pens, for sentimental reasons, were given a life-extending 'ink transplant'. Final Tally We ended up with 67 broken pens and 61 good ones. And about 10 pencils. What to do with 67 broken pens? In my city Biome recycles pens . It's as easy as taking them into the store and dropping them into the giant collection box. Decluttering and recycling together - I love it. A lifetime of pens An average pen writes 45,000 words. So that dedicated shopping list pen on the fridge could write a 20-word shopping list for 43 years. Our 61 pens repre...

Why millionaires don't "feel" rich

We're wealthier than ever - so why don't we feel like it? Australia has gone almost three decades without recession. The stock market recently hit a record high. Our wages are record highs. Home loan rates are at record lows. We live in one of the richest countries in the world at the richest point in history. So what's wrong? Comparison Wealth is relative. So what do we compare to? Where we expect to be? "When your wages growth is only 2 or 3 per cent, you don't feel as well-off as when it's going up 10 per cent. That's that nominal distortion that people often suffer from" , says economist Shane Oliver, and that "expectations have grown a lot faster than reality." We're earning more than last year, but we want even more. So compared to our imaginary situation, we see ourselves as worse off. What we see around us? Shane Oliver again. "If you think about it - Australians today are a lot wealthier. They're living far ric...

Are cooktops a waste of space?

Who has ever had four saucepans cooking at once? So why do we have four hotplates on cooktops? Back in the day of all-in-one units, four hotplates were a nice fit on the top of the oven. These days the cooktop and ovens are usually separate but we've stuck with four hotplates. In many homes and apartments it's worth re-thinking. Is this is a wise use of bench space? Two-saucepan cooktops are making an appearance and freeing up some bench space in smaller kitchens. Aldi are taking it a step further with the Induction Cooking Plate . It's a stand-alone single-hotplate device that can be packed away when not in use. Aldi says it has 8 temperature settings, 5 preset cooking functions, a timer, touch controls and overheat protection. Could this be the future of smaller kitchens? Cost-savings in building. More bench space. Less energy consumption with the efficiency of induction cooking. Another great example of less is more. I don't mean this to be an ad, but...

But wait... there's less!

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