[quote=CA renter]Yes, there’s the psychological component, but one might argue that an economy that depends on psychology vs. fundamental economic health is a very sick economy.
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Yes. And I think we can agree that our economy is not exactly in robust health.
I see so many of my friends/coworkers who spend 100% of what they earn – because their “savings” is in their house. Not smart. but true.
And I try my darndest to live well below my means – but I found myself cutting back even more as the market(s) (housing, stock, job) took a downturn… just in case. Net result for our house – we still managed to save a little even when hubster was fully unemployed. (Vs his current under employed/part time status). Perceptions do change behavior.
