~Thanks; to me, you can buy a small house and build as you need it and avoid getting soaked in debt. Frankly put, this whole housing issue has contributed to the collapse of the economy.~
Bingo. I hate an idea to be indebted. If I can’t purchase a thing using existing assets, I’m simply moving along for a thing I can afford. I might lack an opulence of people who lives out of their means but I feel myself a free man, not a slave to a job, a bank etc.
Same here; of you’re single and fit, you don’t need a huge house to impress. A bank account and a good nest egg with plenty of control over my life is all I need. Besides, with a huge house and a massive layout, you sometimes never know if someone has just broken into your home and is in there with you.
So many people got pulled down because they maxed themselves into debt to buy a huge house, adding to the debt burden. In no way is all this solely because of people on welfare.