[quote=flyer]Hope for those who need housing, you’re right.[/quote]
I don’t know, I was talking with my parents awhile ago about their first home. I was complaining about how I was paying $2500/month on a 15 year mortgage that I absolutely hated…
They told me to “shut up”…because their first mortgage was around 15.4% for a 15 year. And for 10 years , they were making payments around $3000/month on a $85k household AGI back then when $1 meant a heck of a lot more than it does now…Then they were comparing notes with me and said things like.. When when we were your age right now,
1) We had still 10 years to go with our mortgage on our primary.
You, on the other had have 5 out of 6 homes free and clear.
2) We both had two 15 year old cars paid off , not 4 cars that were all paid off and thinking about a 5th one like you are.
3) We were just starting to think about your college expenses, while you already have funded your kid’s 529k account since the day your kid was born.
4) Buying you a computer cost us $5000… Your kid started having their own laptop in kindergarten that you paid $300 for… (I corrected them. It was $0, because I got it free from a Google I/O conference)
It’s not doom and gloom as many make it out to be..It’s not a walk in the park, and you have to put some effort into it (unless you happened to be born into a family with money). The only question is really, are you willing to put the effort in it/
