[quote=spdrun]
What’s wrong with lower prices and less activity? Why should the average American family need to work two 45+ hr/week shifts just to make ends meet? Things slowing down would actually be a GOOD thing — let prices drop to the point that an average family can survive on 1 to 1.5 incomes, so parents would actually have vacation time/time with kids and be able to SAVE some money.
This is actually my goal before I get married. Have enough passive income to guarantee an annual cash flow that pays for housing, insurance, and some needs regardless of employment status, so we can basically live on a single income if we so desire. Or just travel a f**k of a lot and work the other 9 months. And have fun doing so.
I guess having low expectations of material things also helps. My car is 30 years old, my laptop is 4, and I keep my mobile devices basically till they fall apart and die. Do like good clothes, good food, and good music though.[/quote]
[quote=no_such_reality]
Letting it correct is what restarts the economic activity.
Everyone is forced to move on. Instead we have everyone, from business people to home owners just ‘hanging on’ waiting for it to return to what it was and it won’t.
We could have bottomed out 2 years ago. Home construction would have restarted, rehabbing the foreclosures would have been a two year boom, lots of people working, prices would be way down (probably another 20% from peak, maybe more).
Wages, probably would have gone up.
Rents would go down.
But instead, we have a stall that they keep pumping trying to keep in th stratosphere.[/quote]
And my 2 cents about women…the ones who would reject you because of the car you drive (or whether or not you “walk with elan,” or are slender and good-looking, etc.) are NOT the ones you want to marry. At least, not if you care about her being a good life-long partner who will support you and stick with you through thick and thin, and who will be a good mother to your kids. Just sayin’.
