Interesting comment sobmaz. I personally would think I’m doing better than 10 years ago if my asset is 7x and $600k larger than it was 10 years ago. I wonder who else feel they’re not doing better than 10 years ago while sitting on an asset that’s 7x larger.
BTW, do you have data to back up those statement about car maintenance cost? RIght now, I can get my oil change for $10. Are you saying oil change was $5 10 years ago?
You’re contradicting yourself w/ the median housing price and being worse off. If all those low end homes are pulling down the median price (much more than 10 years ago), then wouldn’t that mean people who are looking for a low end homes are not only getting a great deal w/ the home price AND a killer interest rate?
Also, care to tell me if your new monthly payment with today’s rate save you enough to cover all of the increases you’ve mentioned?
