That he may be Kup. But in my life experience (ie: "the baby boomers" and "Gen X'ers" I've met and known) that statement seems pretty accurate. In my family growing up we didn't have a phone or a car until I was 5. Why? Simple, we couldn't afford them. The problem today (or as it appears to me) is that people want it all. They want to live the lifestyle and own a house without sacrificing anything from that lifestyle. The way I was brought up was needs come first. If it came down to it my house payments would take priority over collecting TF's or whatever.

If you want to own a house so bad You'll be able to work it out.