I don't get the thrill of having something really nice--knowing it is completely temporary.
My sister and her husband are of this ilk. They have an entire life history of boom and bust. When they are on a boom cycle, it's Range Rovers, nice properties, etc. and they are completely arrogant about it.
Last bust cycle, they lost everything. Had several HELOCs on the house, walked away from the house. Loaded up several credit cards, walked away. Sent their kids to very expensive colleges--haven't paid a dime on the student loans they took out. They had 4 horses. It was ridiculous.
I get bill collectors calling me all the time looking for them.
I don't think they had $100 in the bank last time they crashed.
Currently, they are back on an upswing. The arrogance is slowly creeping back in. They NEVER learn. It's pretty amazing to watch.
Yea I have never understood as to why some people feel the need to live out of their means.
I know some rednecks here who are valued at millions because of their land and yet drive beat up pick ups and don’t care about money and then there are others here who feel the need to have that massive house, fancy vehicle, and spend a lot on their cocktail parties while everything including socks for their kids goes on the never never credit card.