Brilliant analogy... I hardly know what you mean by that, I recon you may have Bob scratching his head.
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Is that Jason and the Argonauts? So Golden Fleece was a euphemism for Anabolic steroid?
I dunno I'm black as the ace of spades and Dazzler was very nice to me:rolleyes: :U
HH.
As far as the original post is concerned....
We have one spare room:q
Some current first home buyers and new car buyers seem to have a bling culture, where they can't afford to be seen buying a doer upper because their friend bought a McMansion they can't afford either.
I think the kids are playing keeping up with the Jones's except and they can't afford it. The kids who approach house buying and car finance with some room for manouvre financially will probably be better off in the short term, able to go out still, and in the long term as they are able to save, make improvements or pay lumps off the mortgage, equity is the key not the size of the house.
BTW my mum is one of 19 children and at any one time there were 10 of them in the family home which was a 3 bedroom terrace. Parents one room, boys another, girls the other.:oo: Luckily the boy / girl ratio is about 50/50.
HH.
You're right, of course, but there's nothing new about the phenomenon of materialism and status-consciousness. I can clearly recall asking my Dad what he meant when he used the expression "keeping up with the Jones's". I would have been about seven or eight years old at the time. I'm 60 now.
(Incidentally, the reason the expression had puzzled me so much was that we had neighbours whose surname was Jones and, mate, I couldn't work out why the hell anyone would want to try to keep up with them :oo:)
Gra,
Have you got any stock tips?
Sebastiaan
Back to the house thingy, I blame the government (alright I always do).
Well the government and the banks.
First home buyers grant......what a joke.
No deposit finance.............get real.
Baby bonus............What for?
Must admit I never got any of these handouts so I may be a lttle jealous too.:-
But seriously i think that when the next credit squeeze comes around...you know the recession we have to have...18% interest rates etc... there is going to be record numbers of casualties.
I think that it is best to be prepared for this situation by compromising your bank manager and letting them know you are not afraid of publishing the photos.:)