Please enlighten me so I can understand why.
My cousin is a waitress and her DH is a plumber yet they bought a home in a million dollar neighborhood for their FIRST house (with the help of our grandma.
They lost their house after years of struggling to pay the mortgage, even took out a second loan. But they are still driving luxury cars!
So I guess after losing the house their credit wasn't good enough to buy another home. So they ask grandma again for a personal loan so they can buy this "565K fixer upper". WTF?
My DH and I make more than they do and live in a middle class neighborhood outside of Los Angeles. I'd like to think because we know our means and don't try to be celebrities when we are not.
Why do some people do this? Living in debt like it's their only option instead of humbling themselves into accepting where they belong- middle class suburbs. Gahh. Opinions wanted.
on Jul. 2, 2013 at 11:20 PM