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[quote=Anonymous]  We only know 2 Gen Yers who did this, so I am wondering if it's a Gen Y thing or not. In both cases, they bought houses in decent shape and they re-modeled like crazy before moving in. Both couples are still playing off student debt and they joke about how they really can't afford this. In both cases there was not a dire need to remodel. They remodeled bathrooms that looked "too outdated." They remodeled functional kitchens to get the granite and other trendy stuff. They got rid of laminate flooring to have wood floors. All this was done BEFORE moving.

I understand there are wealthy people who can do this stuff with ease, but I just can't relate to spending so much money you don't have to get everything looking just right. I live in a home with a lot of stuff that was built in the 80s and if it still functions I don't mess with it. We have had to make changes as things break down or leak or what have you so gradually we are remodeling, but this will be over many many years. We didn't know one of our kids would end up in the NICU and then have SN when we moved in and we didn't know the roof would need replacing so soon and our basement would flood, but we assumed there would be big unexpected expenses so we kept a good savings just in case.

What happens when hard times hit and all your money went into keeping up with the Jones'?[/quote]

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