Original Poster:
>>Why did you choose such a large mortgage payment? Instead of jumping
>>from a $78,000 mortgage that you could comfortably handle into a
>>$225,000 mortgage that you can't, why didn't you shoot for a $125-150
>>mortgage?
Skip responds:
>Interesting thread.
>
>Whenever I encounter folks who cannot do what they want
>(be it travel more, retire early, educate children, etc.)
>I can usually trace it to too much house.
>
>Not always, mind you. But often enough.
Jimbo responds:
Yes, I think this is right. This is one of those areas like
engagement rings or wedding expenses where a lot of emotional
demands are placed on people. "It's about family first, and
the price second"... the implication that if you don't buy a
house that you can only afford with a 30 year mortgage, then
you somehow aren't a good provider for your family. Rampant
consumerism is in place here, as elsewhere.
--Jimbo
(
geocities.com/vyque)