patrick.net

Sylvie, that does beg the question, if so little of life depends on material wealth, why do so many people want homes in the Bay Area? ;)

I did read a really great article the other day on the "Millionaires Next Door". The study is several years old, but it illustrated that the people most likely to be millionaires were hard workers who lived far below their means, drove old cars, devoted themselves to their families and took pleasure in non-monetary pursuits.

It also illustrated that the confused middle class has this image of millionaires as people who own three Lexuses (Lexii?), a 4000 sq.ft. house with granite floors, stainless steel countertops and hardwood refrigerators, and a vacation home in sunny Oregon. And generally the middle class bankrupts itself trying to emulate those millionaires instead of becoming one of them.

Yikes!! 12:42 EST got to hit the hay! Miss PST goodnight LILLL, and Senor Harm..

BTW I have this Link on my blog just put it up today Goodnight all...

I'll be lucky if I get back my same standard of living I had before my divorce. I jus want to own my own modest home not even large. It's not asking too much I don't think. I'm no willing o marry just to raise my standard of living like alot of women. I know men aren't stupid and besides yu can always be traded up again. If own my own propert then if my relationship circunstances change it's still my home.

LILLL,

I'm so sorry to hear that my sympathys. I lost my only brother in 1979 he was nineteen. I was living in NC at the time and just had my son a few months before.

LiLLL,
My sympathies.

Those in urban neighborhoods with good transit spend a mere 10 percent getting around but 45 percent on their homes.

I probably don't want to get into it with RC, but since this is something of a good approximation of my situation, I will attempt to argue the point (and maybe learn a thing or two). Perhaps I don't understand the more nefarious aspect of LEMs, but the main thrust of what I had posted was simply about getting the lending ratio threshold changed from 30 to 45 percent in warranted cases. Telling me I have to move to the suburbs and commute by car seems pretty discriminatory and car centric to me. The cash I save by biking to work allows me to afford that higher home payment. I shouldn't have to resort to a "liar loan" or other questionable practice to accomplish what is already economically feasible.

Senor Cote' your command of double speak is only superseded by the Abbott and Costello-ing of Jerry Lewis, or course the LDM's are giving it to the SUH, it they didn't the SILSIH (suck it long, suck it hard) folks underwriting the entire goat rodeo would back up bags and choogle on back to Oregon to party with DinOR while he lubes the shot-gun in preparation for yet another fools attempt on the DinOR-ettes.