[Hondaracer]

Like I said before, a mechanic and a receptionist used to be able to afford to basically pick and choose where they lived in the 70's/80's. I know of many families who live in north/south Van who had average careers at best, yet ended up with homes that are approaching 2mill+ these days.

We always talk about easy credit as the downfall of personal debt, and I think it really does have a lot to do with it.

Growing up only very well off families in my area had brand new vehicles, or even "decent" vehicles. Everyone else was driving EF civics and hand me down Buick lesabres etc.

Now a days everyone has a brand new vehicle. And realistically how can you turn down 0% financing over 84 months paying $100 bi weekly?

However, I feel like those payments are still masking the fact that you owe 20-30k over that term. You're in debted to the dealer for 84 months with a 25k debt.

A lot of people I see on my FB feed complaining about housing prices etc. have pictures of them at a dealer buying a brand new vehicle.

Personally if I was in that position I'm rolling the dice on a $5000 civic I can pay off in cash as opposed to taking on a debt I'm paying for the next 5 years. If nothing else then to enstil that mentality that I'm in the black as opposed to constantly chasing the red with my car payments.