I just read a fantastic essay by Patrick J.
Buchanan titled “The Party is Over”. You
can read it
here.
As the credit party winds down, the drunk
frat boys call cabs, and the haze starts to
clear, one thing is clear: the house that
our parents (and more importantly, our
grandparents) left to us is covered with
all the relics of a drunken party. Vomit,
half-empties and broken consumer
electronics are lying everywhere and
there’s only one thing to do: get cleaning.
Yeah, it kills your buzz. Sorry.
My dad went through a bankruptcy, and he
said, “Jeremy, bankruptcy is the biggest
blessing in disguise you can imagine,
because it forces you to live within your
means.” I now understand. EVeryone keeps
asking, “What are we going to do, now that
credit is drying up?!” It’s called, walk
away from your upside-down mortgage and buy
a house that was built 40 years ago, before
everything got so goddamn big. The average
house in 1945 was 800 sq. ft. The average
house is now 2349 square feet. Food
portions, vehicles and credit card balances
have become huge, engorged pulsing boils
that are just starting to burst, one by
one, spreading pus and disease everywhere.
Not pretty.
Two years ago I interviewed a former
governor of Utah, Norm Bangerter. He was in
the home-building business for 30 years
before getting into politics. I asked him
about what he thought of the housing boom
that was going on at the time. He said, “I
think it’s terrible. It’s terrible because
25-year-old kids are buying houses that
their parents can’t afford. They’re
building houses that are filled with luxury
items, like granite countertops and marble
bathrooms, and everyone thinks it’s normal.
We have too many people spending way too
much on their mortgage payments every month
because they can’t imagine moving into a
small, older home. They all want a
brand-new house, a brand-new car and 5
TV’s. It’s not going to last, and I think
we’re not teaching young people the right
ideas about finances and expectations.”
The interview was for a homebuilder’s
promotional DVD, so that part ended up on
the cutting floor.
Look, kids. 75% of people kept their jobs
during the Great Depression. 80% of people
kept paying their mortgages. Yeah, things
were tight. No more XBOX Live, no more
NetFlix, cut back on the nail salon and on
the gym membership (buy a weight set! or a
kettlebell!) and maybe eat at home more
often. Turn off cable or satellite. Trust
me, you won’t die, and your kids will
remember a childhood filled with laughter
and books instead of it all being lost in a
blur of American Idol and Hannah Montana.
Why did your grandparents only need 800 sq.
ft. for their family with five kids? Two
reasons: they spent most of their time
outside and kids shared rooms/beds. My
grandpa told me that the five boys slept in
one bed on the back porch until the oldest
two were in their teens. Then they moved
out to the barn.
My great grandpa bought one new pair of
Levi’s per year, whether he needed them or
not. Remember when there were shoe repair
shops? Soles worn out? Take them to the
shop. My grandpa said that when he got a
new shirt, he wore it until he started
getting holes in it. Then his mom would sew
up those holes, and she had a whole jar
full of buttons that she would use to
replace lost buttons. Well, it got to where
there was more patch than shirt, so he
would put it in the rag bag. Once the rag
bag filled up, his mom would make a quilt.
He said those were handy, because when he
woke up in the morning in January, there
was a thin layer of frost across the top of
his blanket, so he wanted as many of those
quilts stacked up as he could find. There
was one fireplace, in the kitchen, but it
didn’t warm the rest of the house very
well. Anyway, he’d use that blanket until
it got holes and lost some of its filling.
Then it would go out to the barn to be used
as a saddle blanket. And eventually it
would kind of just disappear, like a little
bar of soap that you have to glue to
another bar of soap to get a lather.
My grandpa told me that they didn’t have
toilet paper: that’s what Montgomery Ward
catalogs were for. The pages were printed
on thin tissue paper, so you kept the
catalog in the outhouse, read it while you
were doing your thing, then tore off a
page, crinkle, wipe, and get back to
playing or working or whatever. My grandpa
also told me that they only got pop (or
soda or Coke or whatever they call it in
your suburban cesspit) once a year, at the
4th of July picnic. He said they brought in
big washtubs full of orange, strawberry,
root beer, grape and raspberry pop. Nickel
got you a pop, and a quarter got you a
cheeseburger and a pop. They pulled ice out
of the icehouses (ice that had been cut out
in heavy blocks and carried to the icehouse
in the winter from the river that ran
through town) to keep the pop cold. He said
he loved strawberry, and that he looked
forward all year to that pop.
I know, I know. Nostalgia and all that
bullshit, but here’s my point: we can do
this. Our grandparents did it. My
grandmother still saves money even though
her monthly income is only $400 per month.
And she doesn’t save it in a bank, btw. Not
most of it. She said only a fool keeps all
his money in one place. Bruce Lee said that
most self-improvement programs don’t work
because they require you to add things to
your life, and people get overwhelmed. He
said that if you really want to change your
life, you should try removing things. The
sudden disappearance of credit will now
force us into that mindset, but I’m here to
tell you that things might just get better,
not worse. Turn off the t.v., tickle your
kids and have a strawberry pop.