Re: OT: AARP



Sandi wrote:

"Phyllis Nilsson" <phyllisnilsson@xxxxxxxxxxxxxxxxxxx> wrote in message
Nicer is in the eye of the beholder isn't it? Our house has less than 900 sq. feet plus a full basement. It sits on property that is 30 x 120. We've lived here for 23 years. Although we've spent thousands during the last few years to make repairs, there are still many to be made. I'd like to live in a bigger house that needs no repairs. I'm no different than anyone else in my "wants". But I know the difference between "wants" and "needs" and what we can afford.


Well, then, Phyllis, you have more house in better condition than I have. And my mortgage is not cheap. So I repeat my point that you don't understand what the market is like TODAY. If you went into the market TODAY, you couldn't have the house you have. What you did years ago is irrelevant. Even 10 years ago the market was not like this.

While it would be more difficult now to buy a house in a large popular city, I think Phyllis is saying that a lot of young people don't want to start out at the bottom anymore. I'm not talking about people who can't even afford the basics. I'm talking about young people who want to start out big, with as much mortgage as they can possibly get. I believe this comes from a sense of entitlement that they get from their parents giving them everything when they were growing up. I know several people who make sure that their children have *more things than they did*, without making them earn it. That's sad, IMO.

Marsha/Ohio

.



Relevant Pages

  • Re: Meg Munn chunters on...
    ... >>> I pushed some of the money into my company's stock market plan ... >>> You say that you hated paying your landlord's mortgage. ... YOU didn't own that house, ... If you have to pay $1,200 for rent, why not pay ...
    (soc.men)
  • Re: OT - The Affluent, Too, Couldnt Resist Adjustable Rates
    ... If a person buys a house with a mortgage they can afford, ... a monotonically increasing market, and no market does that forever. ... A downturn doesn't change your mortgage payments. ... you can ride out a downturn even if you have no money down ...
    (rec.crafts.metalworking)
  • Re: Maxwell House!! Anyone know whats happened
    ... We do live in a Global Village and a Global Market to boot!!! ... God only knows what the apparent shortage of maxwell house has to tell us. ... bubble where the price far out strips the actual value of the house. ... Al - mortgage free home owner ...
    (uk.local.cumbria)
  • =?windows-1252?Q?Re=3A_Oil_Shock=3A_Analyst_Predicts_=247_Gas=2C_=93Mass_Exod?= =?windows-12
    ... They're looking at mortgage information, ... between fixed rate and ARM wouldn't it be in their own best interest (no ... thinking about buying a house. ... As long as the housing market was "HOT" and the house was gaining ...
    (misc.transport.road)
  • Re: Slight Spolier for Monday 11th - Dramatic Irony
    ... and could this be the reason that it's gone back on the market now that ... I think that was only umratic speculation. ... when Nic asked him if there might be a problem with the house. ... the Northern Rock nationalisation may send mortgage rates ...
    (uk.media.radio.archers)