Well said FLU. There are plenty of “big hat, no cattle” people around. There’s a single gal in my office who bought a house in the summer of 2005 despite the warnings some of us gave her.

She had $100K saved for a down payment, which she has more than lost by now. But she also drives a newer beemer, has the latest cell phone gizmo, wears designer clothes, etc. She’s going around with zero or negative net worth, but at least she does it in style!