Living standards have never been higher.
I feel sorry for anyone caught in a financial bind due to poorly thought-out borrowing but most of them brought it on themselves. Let the market take housing prices where it will and then let the chips fall.
We have way too much hand wringing on this site.
Your right, the standard of living is at an all time high and I have been very frugal.
But I feel the bottom is about to drop out
True, living standards have never been higher. Personal debt has never been higher. Coincidence? I don’t think so. Reagan taught us all too well to borrow and spend and don’t worry about the deficits — national or personal. You can have your cake and eat it to. For a while...
And much of it is free...Just ask the 30,000,000 illegal aliens that are happy making 8 bucks an hour. Of course most of that is tax free income.