Reply to What are people doing to save money in this insane economy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As immigrants and somewhat informed people, we had realized that USA cannot sustain being the land of plenty for all decades ago. These things were being discussed even then.   So over the years, we had lived as if the economy was bad and we prepared for the future -

- Cooked healthy meals at home.  Good for wallet. Good for health.  
- [b]Bought a nice, large home at the bottom of the market in an average but convenient neighborhood.  Have a great mortgage rate too. [/b]
- Send kids to public schools, and public in-state universities for in-demand STEM degrees.  They are in good jobs and even with AI, they should be employable for next 15-20 years. 
- Extensive solar panels and EVs. We have not had electric bills for years now. In fact, Pepco sends us $5 or $7 dollars sometimes.  
- Bought Toyotas mainly and very less repair and maintenance. 
- Make our own coffee. 
- We continue to eat organic foods. 
- Do all spa treatments (except my haircut) at home. [/quote]

This is a statement that someone can make only in hindsight.  If you live in the close-in DMV, it also means you bought a home in 1995 which was the bottom of the market since like 1983, as close-in areas didn't even go down during the 2007/08 financial crisis, but simply maintained at levels much higher than 1995.

[/quote]

Agreed. I made the mistake of buying a small home that won't meet our needs forever in 2020 (kids share a room, bedrooms and bathrooms are upstairs so bad for aging, among other things), thinking we'd start with the lowest possible mortgage and eventually upgrade like my coworkers who were 5-15 years older. We had NO idea home prices would spike the way they did and make the "property ladder" approach impossible. So pat yourself on the back if you want but hindsight and timing matter as much or more than how smart you are. [/quote]

Stairs are good.  They keep your knees active.  IME, one level living hastens issues. You can always install a chair lift if you need it at the end.[/quote]

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