Hare Krishna said:
PEOPLE WASTE THEIR MONEY ARE STUPID SH1T.
NEW CARS WHILE RENTING A HOME/APT
Well, to be fair there is a lot more to be cautious about when talking about owning a home vs owning a car. I own my home but I lease my personal vehicle, and have a company vehicle. I just prefer leasing vehicles because I know sh*t about fixing vehicles and repairs can get pricy. The same can kinda be said for owning a home, some home repairs can be fu*king ridiculously expensive. Home ownership isn't for everyone but I really just wanted something to call MY OWN ya know, plus renting in Dallas is a fu*king hassle and way overpriced. My co worker pays 1450 a month for a DUPLEX while my mortgage is about 600 a month for a nice a.ss house.
I see your point though, there will ALWAYS be people trying to live above their means. This is why places like rentacenter and rimtime will ALWAYS exist, and thrive... even in a down economy.