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View Diary: Who Are You? - What's Your Income (with Poll) (221 comments)

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  •  yes (5+ / 0-)

    my questions exactly.  My household of me and my daughter makes probably twice the 'median' income of a family of 3, but if you threw the monthly payment of a Ford Obscenemobile at me, or the mortgage on what my house would sell for NOW, I'd flinch.  Who are the people BUYING all these high priced houses and luxury vehicles??

    I think some of it is coming out of home equity, which is sort of imaginary money.  I know that nearly everyone in my neighborhood has been doing big work on their houses - replacing roofs, getting aluminum siding, finishing basements - and I'm sure it's coming from home equity, which I refuse to touch.

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