The take that anyone who is buying is an idiot just cracks me up. Someone who cannot even generate enough income to buy a 600k house is supposedly smarter than someone who has made millions due to their intelligence or skill in something ( inheritance aside ). There may be some exceptions to this, but in general I doubt very seriously that median income people have more intelligence than above median income folks do. I will say this, I would rather be a millionaire and be an "idiot", than be a genuis and be poor.
Chris… maybe you can explain a few things to us…
You make it sound as if anyone "who can't even generate enough income to buy a 600k house", they are a brainless bottom feeding peon.
There are plenty of highly educated and intelligent people out there who can't afford a $600k home. In fact, the intelligent ones are buying with responsible loans and will eventually paid off their loans, the unintelligent ones are buying with toxic loans and are now likely in foreclosure. Actually the real intelligent ones are renting right now, and watching home prices drop, as opposed to the so called smart upperclassmen who just purchased watch his equity dwindle.
They say you could not really tell who is a true millionaire, they usually don't promote themselves that way, but you can tell who is broke, they are the ones trying to look like a millionaire, I find it true very often.
Chris you left off with a shallow, materialistic quote, I shall leave you with a few quotes as well, take them as you may…
"Wealth after all is a relative thing since he that has little and wants less is richer than he that has much and wants more."
"The first wealth is health."
"We all need money, but there are degrees of desperation."
"Without a rich heart, wealth is an ugly beggar."
"It is sheer madness to live in want, in order to be wealthy when you die."
"You may have tangible wealth untold, caskets of jewels and coffers of gold. Richer than I you could never be; I know someone who told stories to me."
"A man's true wealth is the good he does in the world."
"What right have you to take the word wealth, which originally meant ''well-being,'' and degrade and narrow it by confining it to certain sorts of material objects measured by money."
"What difference does it make how much you have? What you do not have amounts to much more."
"Rich people without wisdom and learning are but sheep with golden fleeces."
"He that is proud of riches is a fool. For if he is exalted above his neighbors because he has more gold, how much inferior is he to a gold mine."
"Superfluous wealth can buy superfluities only. Money is not required to buy one necessary of the soul."
"The Lord commonly gives riches to foolish people, to whom he gives nothing else."
"Intellect annuls fate. So far as a man thinks, he is free."
If you really would rather be a rich idiot than a poor genius, then I do feel bad for you.
