[quote=bearishgurl]
However, I do agree with you and CW about recent buyers’ (who purchased at low prices and with low-interest mtgs) inability to save. I think this stems from the feeling that the property they just bought “needs everything now” and “has to be remodeled ASAP.” In addition, I believe the vast majority of the current crop of homebuying families won’t buy anything used to place inside that home. All furnishings, appliances, electronics and window and floor coverings must be new and unused, preferably in the exact model, color and style that they want. This includes the preference for new and near-new vehicles.[/quote]
It is not an issue about new v.s. near-new. If everyone is like scaredy, then we don’t have this “inability to save” problem. I think it is really that some people are bad at math and they have no fear about the future at all…all results of our education system.
