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Reply to "How do so many young families have $80k SUVs?"
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[quote=Anonymous][quote=Anonymous]We are consistently underestimating how much money is in this area. Many may be leasing, but I'm not convinced there's a lot of meaningful debt in this strata driving these behemoths. They are paid for in cash and the families don't bat an eye about it. [/quote] My daughter in law just paid cash for one of these. Not really any family help. She and my son,( both late 30s) just make a whole lot of money. Right place at the right time lucky jobs and salaries, though they work very hard. They debate going ahead and paying off the house. She wants to, but the their mortgage interest is really low. [/quote]
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