I didn't say he does or doesn't. I don't know the real estate market in that area to comment on it.
I objected to Phantom Lord's "elitist snob" comment, as it shows class envy, but the rest of his post was spot on. People do tend to over-buy everything from homes to cars and put themselves in such great debt, that they have no wiggle room when the cost of literally anything (mortgage, taxes, etc..) goes up. I know more people who are slaves to their mortgages and car payments, than I care to count.
Thankfully, my wife and I do not live that way. We can certainly afford a much larger home than we have (and the taxes that go with it) but choose not to. Same with our cars. My car is 6+ years old, hers is 4. Nothing wrong with either, so we keep 'em and keep running them. Thankfully, we live a very simple, modest lifestyle that allows us to do things for our kids like send them to private school instead of public, and save for their college educations as well as our retirement.
People these days just don't focus on anything beyond "getting the biggest and best" of anything, at the sacrifice of their financial future.
It's a shame, really.