For most of us, our biggest financial investment, will be the purchase of a house. The need for shelter is a necessity of life. However, in recent years, housing markets are more focused on investment, than shelter. Australian house prices have climbed steadily over the past 20 years. Most first home buyers are now shut out of the market – even with government assistance. Still the Australian home ownership dream continues, and mantras about the value of bricks and mortar abound:
- Housing is an appreciating asset not a liability (i.e. house prices only go up)
- Mortgages are good debt, not bad (i.e. borrow as much as the bank will lend)
- Rent is dead money (i.e. renters are poor stewards of money)
1. Let’s have a value adjustment. As Christian’s we all have a physical and luxurious mansion being built in heaven (John 14:2). So let’s not be consumed by building our castle here on earth.
2. Let’s limit debt. Debt is not a intrinsically a sin, but being a slave to debt is. Let’s cast aside debt so we are free to serve Christ.
3. Let’s model contentment, fiscal restraint and godly priorities in our buying habits and thought life.
4. Where we have enslaved ourselves, lets show ask for wisdom on how to recover. It may mean cutting up a credit card, renting a home, or driving an old car.
At the end of the day, our life is not our house. Our life is found in Jesus. As the old song says, “This World is not my home, I am just passing through”
Disclaimer: I do have a home mortgage. Everyday I must remind myself of its correct place in my life. It is a struggle.