[quote author="irvine123" date=1239353256][quote author="graphrix" date=1239352267][quote author="asianinvasian" date=1239351905]
That's the key point. There are two types of people in this world.
Type A) The Kia driver that frequents the Lexus dealer and admires the cars, hoping to one day be an owner.
Type B) The Kia driver that frequents the Lexus dealer and mocks the cars, feeling entitled to one and is envious.
The OP is clearly Type B. Which type are you?</blockquote>
You forgot type C, which is you BTW. That is having their Lexus repo'd, that they thought they could afford, because basic math and economic skills elude them.</blockquote>
Interesting comment, goes to our key differences. I don't understand why one will always automatically assume people overpay for a house doesn't have basic math and economic skill? You are for sure right on some of them, but you are also for sure dead wrong on some of them. I know plenty of people bought house during the past several years for their family, and enjoy it, and can't give a shit if housing price goes down. They value ownership vs. rental, and doens'b believe rental parity theory. People can decide how much a premium (if any) they are willing to pay. Why we want to judge them? (which is exactly some of us have been doing in the last two plus years. How ironic, that somehow the same people decided instead of judging them, why not make some money from those "who have no basic math and economic skills", then laugh at them on the way to the bank?)</blockquote>
Read my comment again. I said what people could afford, not if they overpaid. Hence the car being repo'd. I laugh at people who do not have the financial wherewithal to not buy stuff they can't afford, and now it is their day of reckoning. I don't judge people who overpay, whatever floats your boat. But then again, in my original comment I thought I made that clear.