article: The ‘Marriage or Mortgage’ Trap

[MatureDJ]

The ‘Marriage or Mortgage’ Trap

In a new Netflix show, couples decide whether to spend their savings on a wedding or a home. We asked personal finance experts how much reality TV reflects actual reality.

www.bloomberg.com

The typical pair on the show has a budget between $25,000 and $30,000; they’re planning to put all of it toward the wedding or a down payment on a home that generally costs between $300,000 and $400,000. The current home value for a house in Nashville, according to Zillow, is $323,075, up from just under $300,000 in January 2020 and $280,000 in January 2019.

“A financial plan can easily show that $25k-$30k spent on a memory instead of investing, whether through a home down payment or in the stock market, is not a good idea,” added Eric Powell, the founder of the virtual financial firm The Future Mill. But “the reality is humans, not just Millennials, want to have great memories.”

Wow, marriage to an American woman means p!ssing away a bachelor's nascent nest egg that will be over after 5 hours. All that BetaMaxxing to prove one's worthiness to a chick that will start getting chunky and having "headaches" after spitting out some kids, and is going to get the last financial laugh with the grand finale divorce later on. I think I'll pass.

 

[B80]

As we know, a lot of women's 'fronting' is to impress/make other women jealous.

Thing is, as women tend be more sheep like, other friends in their social circle will want to emulate or exceed their friends on their big day.

Struggling to think of something that's such a waste of money.

If you're well off, fair enough, it's more relative to your situation.

Could also been seen as red flag if woman really pushes for an extravagant wedding. More interested in showing off, than what's supposed to be the real meaning.

My experience of it, has been the biggest weddings ending in divorce within 3 years or so. Friends/family who weren't particularly wealthy as far as I could glean either.