I'd rather have a nice house
I'd rather have a nice car
I'd never drive around in a vehicle that was 10 yrs old
I'm not trying to impress anyone, I don't care
Matthew 10:34Think not that I am come to send peace on earth: I came not to send peace, but a sword.
I was mortified by my parents cars at various times in my childhood. Even got in a fight with some 8th graders when I was in 6th grade because they were talking smack about it. I recall seeing a cute girl from a class and then our parents parked next to each other...ugh. Can't be helped, that sort of **** is important when young. No need for luxury, but average at least was what I wanted growing up. Just average, nothing great, nothing absurd.
We have a similar situation at home now. I want my wife to upgrade her wagon to better match my car and our neighborhood. She's putting up a fight but then her car is only about 5 years old and in good condition...
My entire childhood and my twenties were spent in about the cheapest cars in existence. These days, I have no qualms now about driving in a nice ride that I enjoy getting into and driving every single day.
The poll can be misleading only because the difference in cost is so great. I'd much rather take $10K out of the house and put it into the car. $10K difference in a house means nothing, but in a car it can be a huge difference.
Last edited by Mach; 11-08-11 at 11:32 AM.
I want comfort and utility in both - I'm not out to impress anyone.
Well my husband and I like certain materialistic things and we balance that with practicality and affordability.
I'm a penny pincher and a money saver but I like to cut lose and just have fun sometimes - the sportscar lets us do that and doing home improvements lets me improve and specialize our living area to suit our desires and much less so our budget.
My sister was so much more concerned about the type of neighborhood she lived in and the size of the home than anything else - they didn't care about their backyard at that time or the fact that they had several flights of stairs. All these years later they're sort of stuck with their decision and what does she complain about? All the time she gripes about the size of the house (it's a lot to clean) and the stairs (it's a lot of climbing and dangerous for smaller kids) and the size and type of yard (too hilly for the kids to play on).
BUT! They live in a ritzy neighborhood. Kind of sad, really.
A screaming comes across the sky.
It has happened before, but there is nothing to compare it to now.Pynchon - Gravity's Rainbow
the behavior you model may be the behavior - and values - your children adopt
i say that because my wife and i encountered this not too many years back, when the kids were in high school
we live in an affluent neighborhood, but in one of its smallest homes. we bought were we did because it was a wise investment and a location in one of the nation's premiere public school districts. my kids would go to other students' homes and return dismayed that we did not have an elevator, man cave, wine room, theater, sauna, maid's quarters, etc like those of their friends' parents
what made it worse for my kids was that i would hold onto cars that i bought and liked. so i had an old 2002, t-bird super coupe, and '83 silverado in addition to my wife's 4 runner and my m3 daily driver
this was one of the few things where i was ever disappointed in them. compared to most, they were living in an upscale middle class lifestyle. but they wanted us to sell the house and upgrade. they expected new cars to drive (like their friends). while we could have accommodated them, there was no reason to do so. our home was unencumbered. we owed no debts. and we had everything we needed. but there was no way we could ever compete with those joneses who were in the 1%. and here is my point: we didn't try
as it turns out, my kids, now on their own, have adopted our views on financial prudence. my eldest banks 2/3 of his now substantial income. my daughter just graduated from college and in her first 'real' job, now invests 20% of her wages. they learned to pay themselves first, in the form of savings
and since the financial meltdown, many of those families in those swank homes are no longer living in them. those equity loans, taken out to buy all of the frills, the ones my kids pined for, could no longer be repaid in today's economy
do your kids a huge favor and buy what you need, without any regard to what they want. with any luck, they will be able to learn for themselves from your fiscally sound practices