Originally Posted by DanaT
It is one in the same. People have been encouraged by tax policy to buy expensive houses.
On that we certainly agree.
Additionally, many people want what their parents had when they moved out. The problem being they don't think about what they had when they were kids and finance a lifestyle that is unsustainable without sacrificing retirement. It is also hurt by the number of new gadgets that require a recurring payment (cable, cell phone, internet, and many things I am forgetting). $200 or more for a device isn't that hard, but the $2k plus contract required is killer.