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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: J. P. who wrote (67518)11/29/2006 12:14:43 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
You are comparing a ghetto neighborhood with a McMansion neighborhood? That seems pretty unfair as both are somewhat uncommon.

How much house does one need anyways? McMansion neighborhoods tend to have large populations of vain, petty, self centered people. I could live in that neighborhood, but would actually PREFER to live in a (quiet) trailer park if I had to choose. Fortunately for me, most neighborhoods are in between so both can be avoided.

FWIW, most really wealthy people who weren't given the money live well below their means. Warren Buffet is a classic example. I also grew up down the street from the family that owned one of the largest amusement parks in Ohio. It's the relatively poor who live at or above their means.