Right now a lot of things don’t make sense to me. High credit card rates (sure there are probably lots of people defaulting), housing bubble while at the same time homelessness is at high point (sure there were probably more homeless during the depression). As the OP stated people spending like it’s no big deal (vacations,shopping,movies,eating out). I guess the thing is if people got it they spend it and if they don’t then they borrow it, and that is the way it is. There should definitely be more discussion on this board about the real estate bubble/financial bubble we are in. The jobs numbers are looking good these days but I sense that they misrepresent that a lot of those jobs are lower paying than they used to be. Somebody making minimum wage is only making $80 a day, plumbers and other trade people are charging $100+ an hour. I make good money as does my wife and we have to fix things ourselves when we can, because otherwise it would be too expensive.
What probably stresses most people looking for a house is that the average house is going up more than the average person can save.
