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"Even more disappointing; The savings rates have barely changed over the past three years, even though a larger percentage of consumers report an increase in job security, a higher net worth and an overall better financial situation."
It's one thing to lend on a modest home that will appreciate over the long term. Your grandfather handled his finances differently than the average American these days. Now days people lend on EVERYTHING.
Average home size in 50's: 983 square feet
in the 2000's: 2300 square feet
More than double.
Yep, and families are only a fraction of the size they were when the houses were much smaller.
Nowadays, these idiots want two extra bedrooms for an office and "guests"...and they probably have a guest over for a few nights once a year.
Everyone needs 3 car garages, entertainment rooms, kitchens the size of a living room, vaunted ceilings, and all kinds of other crap that adds unnecessarily to the expense.
Yep, and families are only a fraction of the size they were when the houses were much smaller.
Nowadays, these idiots want two extra bedrooms for an office and "guests"...and they probably have a guest over for a few nights once a year.
Everyone needs 3 car garages, entertainment rooms, kitchens the size of a living room, vaunted ceilings, and all kinds of other crap that adds unnecessarily to the expense.
Then they complain about the cost of living.
My inlaws- empty nesters had to buy a house that was larger than the one they had with kids.
Its mind boggling. and my father in Law still has to work for income.
You're so naive if you think that simply voting for the other guy would have changed anything. The country goes (R) and (D) back and forth all the time and this changes nothing, the country is only getting worse.
You're so naive if you think that simply voting for the other guy would have changed anything. The country goes (R) and (D) back and forth all the time and this changes nothing, the country is only getting worse.
This should become clear to the main population any century now.
its got worse when both house switched to democrat in 2007.
Quote:
Originally Posted by im_a_lawyer
You're so naive if you think that simply voting for the other guy would have changed anything. The country goes (R) and (D) back and forth all the time and this changes nothing, the country is only getting worse.
My inlaws- empty nesters had to buy a house that was larger than the one they had with kids.
Its mind boggling. and my father in Law still has to work for income.
Then they wonder why they are not retired.
They bought a BIGGER HOUSE despite being empty nesters?
Damn...unreal. Yet you see stuff like this all the time.
You oughta see my neighbors with Harleys that they ride once a month, boats and other PWC's that get used once a year, 50k pickups (for hauling groceries mostly)...etc..
They bought a BIGGER HOUSE despite being empty nesters?
Damn...unreal. Yet you see stuff like this all the time.
You oughta see my neighbors with Harleys that they ride once a month, boats and other PWC's that get used once a year, 50k pickups (for hauling groceries mostly)...etc..
I can't help but to laugh at some of this sh*t.
Yes granted it was equal in price to their home because it is in a less edesireable location but this wa sa chance for them to cash out on their equity and put it towards retirement.
The craziest part is - they want to put on an addition!
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