Re: OT: AARP

LizzieB. wrote:

Marsha wrote:
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.


While I agree that this happens way too much, I don't believe Phyllis is talking about JUST this. The tone of her posts suggests that anything she feels is unnecessary spending IS unnecessary spending, and I think that (as usual) is where hackles are getting raised.

I actually do agree with Phyllis on a lot of things on this spending topic, but she does not seem to think that what is objective to her is subjective to others.

She also does not seem to acknowledge the notion that a good portion of the out-of-this-world mortgaging MAY NOT BE a result of young, unestablished persons trying to keep up with the Joneses, but may be all that's available, and rents are competitive with mortgage payments (for less square footage) so why rent?

I don't think anyone here disagrees with her notion that a lot of people my generation and younger are spoilt brats and want it all right now. But I also don't think that she is seeing the true price levels in today's markets--and that makes some of her arguments totally invalid just on arithmetic.

That could be true. Speaking for myself, the difference between peoples' wants and needs varies greatly. If a person grows up in a middle income household, their perceived needs will likely be more than mine, who grew up in a very poor household. Toledo has a similar housing market to larger more popular areas, when compared with local wages. Average home price is $105,000, with the suburbs being nearly twice that. Here's an interesting re-location calculator. You put in your current location and wages, enter another city, and it will give you a comparison of wages and cost of living. Cost of living in Phoenix, AZ was almost exactly the same as Toledo, which I thought was interesting.

http://tinyurl.com/9vms5

Marsha/Ohio

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