"Debt"-Is this all the baby boomers have given us?

You are right stribo, most people do miss the big picture.

The Bilderbergers, the Illuminati, the Anti Defamation League, the Scottish Rite of Free Masonry, Council on Foriegn Relations, Hedley Nichols Society, the Club of The Isles and the "Royal" families and more are all part the sick elitist group or oligachy.

All wars are excercises in impoverishment of the masses, population reduction, urban reconstruction and primarily consolidation of centralised power structures.

Those that deny this is going on are either part of it or have their heads in the sand. Cheers.

Gen Y have houses now?

As for Gen X: That used to be extravagant. Now a $3000 telly, well that's just a month's mortgage, or put it on your own line of credit and it's $5/week. Negligible, the equivalent of two capsicums at Woolies (WTF is with that?).

Screw the mortgage and rent/save? Only cheaper for a year or two anyway, and by then houses are up another 10%.

I can see where they are coming from sometimes. edit: Especially when I've spent as much as a plasma + on windsurfing gear, don't get 2hrs/day out of it, and am the only one in family to us iet

Remember the little formula "buy a house 3x the value of the land"? It's no longer true (of course). There's your biggest financial problem facing most people right there. It feels ridiculous putting a little 2 x 1 house on a $400,000 piece of land, that's why nobody does it.

* disclaimer: I have no home theater, 2 cars > 15 years old, CRT telly and, OK a 900mm oven/stove (but stove is broken). ...and a big, expensive house, but I've really thought that one through.

Calm down boys...

I was just having a generational dig at the person who wrote the thread about muffin tops. It wasn't supposed to get all new world order