Quote:
Originally Posted by Wmzorba09
This probably largely depends on where you live. I am 39, have excellent credit and can afford to lay down cash on a purchase but that would be a terrible investment. I'd rather keep my cash in a brokerage or interest bearing account. I lease and I put 0 down.
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Demographics vary for sure, but it is true that people do reach above their means much of the time. There's probably more crappy credit out there than there is good credit, and that's largely due to bad money management and over-extension.