Agreed. I worked the boom that ended in the early 80’s. I blew every dime I made, but bought things in cash. Save a few thousand, go pay cash for a new Bronco XLT. Save up again, get a camper. Everything was paid off, home too. When the boom was over I still got to keep the toys.
Wife and I tried to tell these people that. They don’t listen, truckers made well over $100,000 starting pay this last boom with $500 monthly bonuses just to show up on time. They thought it would never end. I fault the banks as much as I do the fools that got loans.
Ha!!