Quote:
Originally Posted by GregWeld
You (not YOU personally - it's a rhetorical "you") have to be a complete moron to be 50 years old and taking out a 30 year $4,000 a month mortgage!! How are you EVER going to pay that off - let alone retire? Oh -- wait -- I know!! You're hoping like hell that it DOUBLES in price... good luck with that.
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The answer is simple...most people don't "own" anything anymore and......THEY ARE COMFORTABLE WITH THAT. Different set of values, they don't lose any sleep knowing they are breaking a $4000 nut. Hell..everything they have is financed, right down to the toaster oven. Very sad but true.
I'm almost 40 and have never paid a dime in credit card debt, my vehicles are paid for, I buy what I can afford, I know a ALOT of people and I'm alone in the way I handle my finances...to the point where I have been made fun of....I must be doing something right.
