RE:RE:Where's The Money Coming From ?ALVAREZ - What you describe were the good old days I guess. The days where children were actually raised by their parents, and not by the daycare worker. Nowadays you need two incomes not just because of the skyrocketing house prices, but because people want everythig NOW !
The days of starting off small and working your way up are long gone. Now it's the 3000 square foot house right outta the gate, and a couple of German imports in the driveway. And the children ? Just farm them out to the daycare down the road for 12 hours a day and drop 2500 a month to have a stranger raise your kids.
Ever wonder why the kids are crying when they're at the mall on the weekend ? They wanna be with their daycare worker, not with the two strangers that call themselves Mom and Dad.....
Alvarez wrote:"Can't argue with that. Real esatate prices are insane. I'm retired in my mid-fifties. Starting out in my mid 20's, bought my 1st house on a single modest income while the wife was at home raising the family........paid it off and became debt free in 16 yrs. Today, I doubt that's even doable. I feel sorry for the millenials. Raising a family today would be pretty tough. After paying rent, food, etc, savings would be minimal to none."