A blog on personal finance (banking, saving, budgeting and investing) and personal entrepreneurship.
June 29 2 Comments latest by jon
From my old college roommate JRK:
“As you continue to move on towards full-on personal finance guru status, may I make one request:
Never, ever use the phrase “buying a home.”
I know this has become completely idiomatic in finance (not to mention real estate) jargon, but it’s just smarmy and offensive.
You buy a house. A house is a physical entity which sits on a piece of real estate. You can’t buy a home. Your home is an abstract place. The very notion that you could BUY a home betrays a terribly misguided sense of what it even means, born out of consumer culture run rampant. That, and it’s a piece of business-ese that just bugs me. Like “monetizing upward synergies.” But it’s become so universally used that people take it for granted.
Well, I want to take that word back, one person at a time. I’m now asking you, in your elevated status in the personal finance world, to be the first to help me do this. Believe me, it’s for the greater good.
Seriously though. One of these days I’m going to kill the bastards.
-jrk
Truer words were never spoken. Also, try to understand how much JRK and I ranted to each other about stupid people.
Subscribe to my free newsletter for getting rich
I'm a recent graduate of Stanford, where I studied technology and psychology. Now I'm the co-founder & VP of Marketing for PBwiki, a wiki startup in Silicon Valley.
I speak at companies and schools on personal finance and entrepreneurship.
Invite me to yours.I'm thrilled to announce that I've signed a book deal with Workman Publishing for the I Will Teach You To Be Rich book.
More details about the book.
Popular Posts
Asset allocation
Book reviews
Consumerism
Cool images
Credit cards
Friday Entrepreneurs
Introductory Articles
Investing
Investor psychology
Miscellaneous
My favorite financial links
Personal entrepreneurship
Press
Real estate
Saving
Stories about customer service
Survey results about money
Taxes
Videos
Women and money
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
Older articles...
Copyright © 2007 Ramit Sethi. All rights reserved.
COMMENTS
Leave yours...
Jerry Kindall
July 28th, 2005
A more generic term than “house” was needed; the word “home” was pressed into service. When I say I am going to “buy a home” I do not necessarily mean I am buying a house, it means I am undecided as to whether I want a condo or a townhome, or a duplex, or a single-family dwelling, or even a mobile home. Similarly with “I am a homeowner” — it’s the ownership that is important, not the precise configuration of the building I live in.
Everyone understands this secondary meaning of the term and it doesn’t confuse anyone into thinking they are actually buying some warm and fuzzy abstraction.
I guess I could say “I’m going to buy a dwelling” or “I’m a residence-owner” or “I’d like to buy some domicile insurance,” but I think those sound pretty dorky. If this usage of “home” weren’t useful, people wouldn’t be using it. I commend the enthusiasm, however, and wish you luck — I’m afraid you’re going to need it.
jon
October 19th, 2005
This is debating minutiae which you talk about in: "We love to debate minutiae"
See? You and your friend are guilty of it as well.