I still think that our society thinks they we are entitled to have everything right now. I understand housing is out of control, but it was only ten years ago, when I wasn’t making the salary that I make now, and I managed fine. I certainly didn’t have all of the nice things I have now, but I managed just fine with the basics.
When I was growing up we had 1 car, 1 TV, my mom hung the laundry out to dry, etc. Now a days obviously 1 car isn’t reasonable, but how many people do you know that have more than one vehicle per person in a family? I know a lot, myself included. What about computers, TV’s, VCR’s all that crap, one in every room,that is total over indulgence. Don’t get me wrong, I’m guilty of it, but I live within my means.
Our culture needs to take another look at itself, and maybe this big downturn, if it happens will be a good thing.