People don't realize that their parent's first house was a 400 square foot box with no central heating, single pane glass, a stove, one bathroom and nothing else. No TV in every room (if you had a TV it was probably B&W), No VCR's, no video games, no CD's, no computers, no cell phones, no microwave ovens, no VCR's, no DVD players, no pagers, no dishwashers, no cloths dryers, the list goes on and on.
That was normal.
Now if you don't have all those things you're abnormal, and if you do, you're in debt up to your neck...
I went 8 years with out a microwave and four with out a tv in my first place. I guess it was the way I was brought up. And I lived in Redmond, WA right across from microsoft making about 60-70k a year. Crazy
Actually, I don't that's true...parent's first house being a box. Maybe some, but those homes that were bought 35 years ago for $20,000 are selling for $500,000 now. It won't happen again. There's alot of truth to this article.
Heck, my nephew has all that and he's still in school. :-)
We got us a 1170 square, 1956er, single pane original windows, original "contemporary" bathroom ("Ey, correctomundo" said da Fonz) but we do have a major luxury - the previous owner installed a nice central heating system. Etc.