Hype Buying something today, are we? Brilliant! There's no bubble, right? Riiiiight…
What's with the buyer flames anyway? The way that I look at it, most purchases everyone makes are rarely for financial reasons. Take for instance a car. Sure, it basic transportation, but I don't see so many folks driving that POS Kia Sephia. People make purchases based on what they like (and hopefully what they can afford). if someone has the financial means to "own" now, and doesn't need to stretch to do so, and feel comfortable doing so, well kudos to that person.If someone has the means to assume a $600k+ loan now, great. Not everyone (here) can. Doesn't mean they person is dumber than anyone else. He/she must be doing something right to have the means. It's no different than would be that you see some guy able to purchase say a sports car and think it's a stupid/POS thing to do because you don't own one. Sounds to me a lot of sour grapes imho. (ok, a lot finance them too, but that's a different story).I can say that while I exactly don't like driving a german car that takes a 25% depreciation the first year and has a horrible reliably record, I definitely prefer driving that than any domestic or Japanese brand because of the handling/ride/performance of the car.
…Now, if someone is going to stretch to the point that they really can't meet ends meet, well I can understand the ridicule of that. And frankly, I have little sympathy when those folks lose their homes, because they were irresponsible. But it's all about living in one's financial means. And besides, not like any of this money is really good when your dead. Great that some folks can penny pince and save all they way up to when they are too old and veggitated to enjoy it. My philosophy, spend responsibly. If you have the means and don't mind the depreciation that's coming,
Anyway, back to the regular scheduled ridicule of the irresponsible ALT=A/subprime/refinanced to buy bling folks
