Re:Why is America the 'no-vacation nation'?
by dmm on Monday May 23, 2011 @09:14PM
(#2578262)
True, but buying a house now is betting that that tax deduction is going to exist for the next 20 years. The financial situation of the US is insane. The next 20 years aren't going to look anything like the last 40.
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Re:Why is America the 'no-vacation nation'?
by randallsquared on Monday May 23, 2011 @11:48PM
(#2578577)
I said that twenty years ago as a justification for not bothering with paying into a retirement account. This turned out to be a bad bet.
Thanks for the perspective. It's easy to get caught up in events and not realize this has been believed for many years.
What did you do with the money you would have saved?
Re:Why is America the 'no-vacation nation'?
by randallsquared on Tuesday May 24, 2011 @03:44PM
(#2581307)
I spent it entirely on things I now do not have. Going out to eat, buying books and CDs, etc. There were times I genuinely could not have afforded to save five or ten percent of what I was making, but lots of times I could have.