Came across this in yesterday's NY Times. Basically, it describes people who, under normal circumstances, would be considered rich, but don't feel or act like it because everyone else around them is too.
My wife and I don't have as much money as the people in the article, but we aren't that far off. Part of it is that we're house rich. We bought at a good time here and my business got better quick so we were able to pay it off. While it might take a few years since CA real estate is taking a breather, every house on my block will soon be worth $1 million. I don't say this to brag--we live in what most people would consider a middle-class neighborhood--but as an example of what the article talks about. We could cash out the house, move to Bend, Ore or Kansas City and be living large.
But we won't. Why? Well, because we really love living in Southern California (well, at least I do). Also, because we're like our parents. We plan on raising the HB in the same house with neighborhood kids around. Unlike the people in the article, we're not worried about having the biggest house, the fanciest cars, etc. You'd make yourself nuts doing that here. It's not about the money you make, it's whether you use it to live your life or if you live your life to make it. I prefer the former. The people in the article seemed to have lost track of that.
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