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I believe Kevin works for Amazon
Nope.
In any case, software engineer/developer is currenty the most lucrative working class profession in the world.
Not really. It's a great profession, but surgeons, dentists, anesthesiologists, trial lawyers, petroleum engineers, quants, and psychologists all get paid much more on average. Software engineering just looks highly paid on paper because it tends to be concentrated in really expensive areas. There are SWEs in places like ohio and arizona making under $75k. No attending surgeon gets paid that poorly.
Software engineering is probably the best paying job you can get without an advanced degree (or even any degree for that matter) with some regularity. You can certainly make plenty of money in a lot of other professions that don't require an advanced degree (like real estate or banking), but it's a lot harder.
The major downside to being a software engineer is that there are only a handful of places where you can live that will allow you to get paid well and actually enjoy the work that you do. A surgeon or lawyer can go anywhere. I'm limited to big coastal cities (and not all of them, either)
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How severely would inflation have to rise for it to make sense to burden oneself with a huge mortgage. Many people believe that there is a good chance of hyperinflation in the future. Lets say someone decides to take out a 500,000 dollar mortgage at 5% 30 year fixed right before interest rates start to rise and house prices fall. How much would inflation have to up and over how long a time period for that person to have made a wise choice, compared to renting for ten years after rates go up and prices drop, and buying with cash at a lower price. Not sure how low the price would be though and of course that is a key variable. I am just toying with the idea of housing vs gold. Stash your money in real estate, stash your money in gold? A little bit of both?
#housing