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Auto loans are at record numbers currently, I know couples who pull down 25k above me and my wife that are "poorer" (renting, saving less) due to auto loans. Pe
by cmdrfred 10y ago
Auto loans are at record numbers currently, I know couples who pull down 25k above me and my wife that are "poorer" (renting, saving less) due to auto loans. People are nuts about cars.
- seanp2k2 10y agoPeople in the US are nuts about spending in general. Wedding rings that cost 6 months salary, cars that cost a few years worth, houses which cost 20 years worth...
- cmdrfred 10y agoIndeed, we bought a home due to the fact that the mortgage was less than rent for a low end apartment. We see it as a way to build net worth and reduce costs, we buy used cars, buy bulk household goods though Amazon. A lot of people have this impression that its impossible to live the life that our parents had today. I'm sure its impossible in the bay area or Manhattan but as a high school drop out who lives in one of the top 100 highest income counties in the US I assure you that a very good standard of living is possible here. The only debt we have is our mortgage.