Reply #1: Very interesting

[demnan]

People with lower incomes are actually seen as having the better coping mechanism to survive. You know I went through the boom time wondering how friends and co-workers could afford these expensive properties they had when I only had a very small condo out in the suburbs. I just figured they had money stashed away or were better at saving than I was. Now I see what happens when people overextend, as a good friend of mine has done buying a couple of properties and having a second mortgage put out on her condo.