Do yourself a favor. Stop comparing yourself to others. There’s really no point. If things turn out sour for those folks, it’s not really helping your life out. And if their demise doesn’t occur they way you want it to, you’ll feel slightly bitter and end up a grumpy, bitter, mean person like me 🙂 You don’t win either way. Make the decisions and get on with the things that make your family’s life better. That’s how you get even.
I see a lot of people here banking on a huge decline on housing. For some it’s about affordability. Great, that makes sense….Others, it’s about payback (in the bitter,spite kind of way). The issue about the payback folks is that it seems they’re so fixated at the payback, they’re missing everything else that’s going on imho.
Also note, in my experience just sending your kids to private schools alone doesn’t really do diddly. I think what makes a difference is how much you’re involved in your kids’ education. Both my sis and I went to public schools. Although my parents couldn’t afford to us to a private school, my parents cared about my education and self improvement to spend time with me and my sis, enough for us to be able to get into the Ivy’s (which, btw, in itself means diddy too).
On the other hand, a lot of folks that were trust fund babies did whatever the hell they wanted, and pretty much bought their way into everything. They’re probably still doing whatever the hell they want, but a lot of them really turned out screwed up too. Yeah, whatever. I have food, clothing, shelter, transportation, a relatively good family, decent career, and financially sound…and lots of free time to screw around with people on piggington…. 🙂