[quote=SDHousehunter]My neighbors may look down on us as renters as I pull up in my 08 Lexus but the fact is I drive a nicer car than they do and that really pisses them off. Honey, why does the 30 year old renter drive that car and I don’t?

Bottom Line: It is not you, it is the fact that they are screwed and my pay an extra 1/2 million $ in interest over the next 20 years because their phantom equity is gone. Their subconscious is jealous of your situation.

We live in Temecula and rent a beautiful house . . . .and have seen the condo we rented two years ago drop 60% in value. . . .sixty percent. How do you recover from that?

Every we know is screwed. . . everybody. And those that rent really can’t afford to buy. Only my wife and I and one other couple we know decided that this was an irrational bubble three years ago.

The 80/20 loans are coming home to roost so you should start to see the economic cracks. . . auto business and retail is going to hell. . . so your neighbors should be laid off real soon.

Be thankful you have cash, no liabiliy and are employed.

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When I see a 30 something person drive a brand new luxury toyota with a family, I immediately think…
(and it has nothing to do with jealously)

1) Got Lease? or
2) Got financing? or
3) Got savings?

But that’s just smucky me 🙂 I drive a 8 year old clunker, but it’s more out of choice than necessity. Soon to be retired as a beater though.

Of course I would never say it to a neighbor. I’m pretty friendly in person 🙂