Friday, Aug 21, 2009
Criticism about the real cost of a mortgage
Renegade Economist: Dreams don’t come in instalments
Food for thought from an article by Damon Young, an Australian philosopher. “Buying a home isn’t necessarily touched by reverie - it’s matter-of-fact, dull and sometimes brutal. Is this as good as our dreams get? Is this what we must settle for?” The advertisement on the side of the car said: ”Own Your Dream”. In Australia, this ”dream” can only be one thing: a house. The ad was for a property developer, claiming intimate knowledge of our private unconscious, and hoping to sell it back to us (with a competitive rate of interest).
Posted by quiet guy @ 09:08 AM (367 views) Add Comment
1 Comment
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1. mountain goat said...
Twentieth-century psychologist Sigmund Freud offers a helpful reply to this. The modern master of dreams never owned his home. He was a long-term renter, like many of his generation. He worked very hard, but spent his ”mortgage money” on antiquities: statuettes, vases, figurines. His ”grubby gods”, he called them. His office in Berghasse was filled with these expensive, evocative objects - they fired his keen, avid imagination, inspired his dreams and the reflections they afforded. In this sense, Freud’s home was not a dream to own, it was a place to dream.
Well put. Our excessively materialistic modern world view means "ownership" is over-rated. We lose it all when we die anyway.