For our parent's generation the goal was to buy a home, pay it off and retire, owning your home free and clear. Now, most people's goal is to buy a home that you can afford, live in it for a while until it appreciates, then buy something more expensive, live in it for a while and wait for it to appreciate, and so on. Then finally sell and buy something smaller free and clear for retirement. People look at their homes as a tool, a vehicle, an investment. |
Geographically the expansion of it will occur over time as well. |
I am looking forward to the opening. This is a great opportunity for people to plant stuff and our gardens have been full every year. |
I think most people see their homes as somewhat transitory, and they're almost resigned about it. Say you have a house that's worth $1.3 million. Is it a reasonable expectation that you'll ever pay it off? Probably not. The most people hope for is that someday they'll sell it for a profit or leave it to the kids, who might have to sell it but will maybe make a little money. |
It meant you were the sort of person who couldn't pay your bills -- that you were living above your means. Taking out an equity line has become common, prudent, easy. |
It's not a network that we're going to build in a six month or a 12 month period. |
Low-income students can come out of here feeling diminished. |
To go somewhere else for your senior year would be really hard. |
We have to figure out ways to make sure students feel more welcome here. |