Quote Originally Posted by Running Mommy View Post
You know the thing that irks me is that you could see this mess coming three years ago! But everyone just buried their heads in the sand and rode the train as long as they could.
If our great (and great great for that matter) grandparents could see the way we are living today they would be mortified. The spend spend spend and worry about it later mentality of todays society is out of control.
I'm sorry, but WHY people that make 40k a year think they can afford a 400k home with nothing down is beyond me?!.
Agreed, RM. Being in a service profession, federally-funded and not popular with any Republican administration, I am STILL making just over 40K a year.....but I am living in my cozy $150K home on the side of a mountain, with no mortgage and loving every minute of it. My soon-to-be-DH had his position eliminated on January 3 (happy new year) and is still looking for a job so our income has been slashed to mine....not a pretty sight even with no "bad" debt (is a 3-year loan on an Element "bad"? ) I will be getting a check and I plan to pay down debt.....and buy bike stuff......and pay for a wedding.....ok, maybe not all three!