Quote:
Originally Posted by dwf137
I think people have cut back on so many other aspects of life that they've found disposable income. Significantly fewer vacations, etc.
I suppose I never understood this either lol. My wife and I have taken one REAL vacation (hotel stay, resort, eating out every meal, etc) ONCE in the last 5 years.
Idk. Even though I don't feel like we are, apparently we're really frugal. We don't have a kid yet (soon), and our house is only 1/4th of MY salary as opposed to combined income (my wife's monthly takehome after taxes and 401k is double mine). We don't have car payments, etc. I still don't feel like we have the amount of ^&(% you money I'd be comfortable with before taking on these types of purchases. As a matter of fact, it wouldn't really matter how much money we did have. I am obsessed with getting a good deal, not just under current market, but historically.
Ergo, any time the market does some weird dumb **** like currently, it's simply just a time of "we're not buying anything."
Only time I'd adjust that is if I feel like it's not just temprary and this is actually just how things are going to be from now on. I certainly hope that's not the case, though, because poor people are in for one HELL of a donging if it is. New goods will only be bought by upper middle class + people, and that's horribly unsustainable IMO.