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Spending

By: Doug (Registered ) on 19-09-2007 23:45

It is a combination of both High prices and high expectations. 
 
We bought our home in the period of 17% interest rates and it was more affordable then than it is for our kids to buy a home now. 
 
I also know of young people taking house mortgages to buy new cars and household appliances so effectively they will be paying off short term items for 20 or 30 years Not a financially responsible move. 
 
Our society is primed to consume if people were willing to make do with less it would be good for them and the environment but terrible for the economy.

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