*from feb 2009 rabbitgeek notes*
I'd like to propose a shift in the discussion.
In the current economic environment, people are learning the "buy now -- pay later" model doesn't work.
When borrowing against the future, we are subject to rise and fall of fortune, fashion and economy.
By adopting the "pay as you go" economy, we are setting a foundation for living that is practical and SUSTAINABLE!
Instead of trying to pump as much equity out of our properties and being mortgaged into the next century, we will be trying to live within thelimitations of our income and the product of our properties. Since we will not be squeezing our property to death (mortgage) we will have a sustainable livingstandard that will weather the bumps of economy.
Everyone on these forums knows what I mean by sustainable standard of living.
I am proposing the use of the phrase "Sustainable Standard of Living" as a catchphrase that will get people away from thinking "Lower Standard" since it's not a lower standard, it's a better standard, it is realistic and will provide a measure of security in turbulent times.
It's just an idea for promoting a common sense way of life in a new way.
You can use it or not. Spread the word. Sustainable Standard of Living.
Your mileage may vary, Void where taxed or prohibited.
Have a joyful day!