I agree having a house and a proper house that is not a semi shared with an adjoining house is important as I like my privacy and independence. Many people today don't see things the same way and tend to settle.
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I too think it is a very important part of life but it seems like many people have eliminated this desire in their lives so that they can have a new $2000 mobile phone every year, the latest designer clothes, and a pimpin car. None of these things have any resell value. Consumerism at its finest!