Re: OT: AARP


"Marsha" <mas@xxxxxxx> wrote in message
news:YvydnT1deOjM3WrenZ2dneKdnZydnZ2d@xxxxxxxxxxxxxxxxxxxxxx
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

But it doesn't come from just wanting more than they can afford. It also
comes from advice to buy as much house as you can possibly afford, because
it will only go up that much in a few years and you can sell it at a profit.
And so far, that's been true - the only problem is, when you sell it at a
profit, you have to buy another one at the current market price, so you're
not really gaining anything! (Unless of course, you can buy/fix/flip houses
for a profit, but that's not the norm.)

Sandi


.

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