I don't get it either? What an I doing wrong, lol. Kids across the street from me (okay, they're like 30) have average jobs, and clearly don't save, judging by the conspicuous consumption, but just bought the house last year for almost a mil. Credit is easy to get, I guess.
They probably have something like a 60 year mortgage and if they lose their job(s), everything is gone in a heartbeat!! My brother lives in Burlington but he bought his house probably 24 years ago. I suspect it is valued a whole lot more now than it was then!
Haha, my neighbor bought his house 15 years ago for around $350,000. He just sold now for close to $1.2. We're in a similar situation, and' It's nice to think that we have that much equity in our house, but of course, that's pretend money since you still have to move somewhere else after you've sold.
Not to be a dick, but how do you know whether they save or not, income level etc? Do they discuss it with you? People seem to make judgements without knowing the circumstances to fit a narrative they have in their head.
Who's making judgements? I just said what I see and hear. I don't know how kids do it now. No need to get all dickish. I don't know how they do it, and I don't care
I work with somewhere around 110 people, ranging from salesman, operations, foreman, operators, laborers, etc, everything you might find in construction. age 20 to 68. i can tell you about 85% of the people here live pretty much pay check to pay check. i remember when we had paper payroll checks on thursday, and if the weather was bad and knocked the crews off, people would drive here just to get their paycheck.
I remember when I used to be that way myself, it sucked! Sure I could wait to go grab my paycheck now, but mentally it's hard to get over going to go get what is yours.
