You interpreted this as defending boots theory, which wasn’t my intent. I said that there was a real phenomena, not that boots theory is correct.
And sure, rent can come out ahead for some cases, that doesn’t imply it’s always better, or that upper middle class people generally actually come out ahead—because even where you could end up ahead renting, in fact, the money saved is often spent instead of invested.
Also, I think the claimed non-sequitur isn’t one—lots of passive income routes don’t require much financial investment, and many that do, like starting a company, can be financed with loans. The point is that people choose to invest their limited time and money in ways that do not build wealth. (Which isn’t a criticism—there are plenty of other, better, goals in life.)
You interpreted this as defending boots theory, which wasn’t my intent. I said that there was a real phenomena, not that boots theory is correct.
And sure, rent can come out ahead for some cases, that doesn’t imply it’s always better, or that upper middle class people generally actually come out ahead—because even where you could end up ahead renting, in fact, the money saved is often spent instead of invested.
Also, I think the claimed non-sequitur isn’t one—lots of passive income routes don’t require much financial investment, and many that do, like starting a company, can be financed with loans. The point is that people choose to invest their limited time and money in ways that do not build wealth. (Which isn’t a criticism—there are plenty of other, better, goals in life.)