Reply to If you don't have a 15 year mortgage, you're living beyond your means?

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[quote=Anonymous][quote=Anonymous]Home many in DMV actually have a 30 year mortgage?!? DH and I have a 15 year at 2.25%. Of course, we could have gone with a 30 year and invested the savings in the stock market, but how many people actually do this? Most of my friends have homes worth twice ours, but they have an HHI that is maybe 1/2. Most of our neighbors with similar home values are sporting used Toyotas, unkempt yards, IKEA furniture, and vacations to Rehoboth. Meanwhile, we have BMWs, several millions in savings, well manicured gardens and maintained home, heirloom Stickley furniture, and multiple int'l vacations per year in first class. One of our neighbor's trees fell down 2 years ago near the edge of our property line and they still haven't removed it. They want to split the $800 cost for removal. For real?!? Are we way off base, here?[/quote]

It seems like you should move closer to your friends, instead of looking down on your neighbors.

We have no mortgage on our million dollar home.  We have a couple million in savings and a lot of high end inherited heirloom furniture.  We travel internationally to exotic locations often, but never first class, which is a waste of money to me.

I drive a 13 yo F150, buy clothes at Walmart, and shop sales for groceries.  Never buy organic. Cars are not important to me and I grew up farming so I understand what should be organic.

I find your spending on conspicuous consumption odd.  Spend on what you love, not what makes you look good to others.  In addition to my Walmart clothes, I have a nice selection of Dutch Warmblood dressage horses…because I adore them.[/quote]

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