I knew something was wrong several years ago when a friend of mine pointed out that there were two bedroom hovels in San Francisco going for over $900,000. I remember thinking to myself that I wouldn't touch that property if the wall paper was solid gold leaf and they promised to fix the crappy foundation for free.
I knew something was wrong when an acquaintance went bankrupt but kept the house, bought a bigger house, rented the smaller and then bought an even bigger house and sold the rental....the same time she bought a big boat, a big motor home, 4 wheelers for the entire family, took wonderful vacations including flying across the country so she and her hubby could have a weekend in a big city and check out the shows.....did I say she also had hot tub?
the spending goes on and on and there is NO accountability.....