My friend's dad's best friend really never spent anything in life. He never went anywhere, he never bought a single thing nice, etc. He died with 6 million in the bank. While it is an extreme case, he never saw one moment of enjoyment.

Today's people have the totally opposite problem. I don't meet too many people that save "too much." I think one unhealthy trend that I tend to notice on this forum, is putting saving/investing on a huge pedestal, while home ownership is ignored, or even renting favored almost as a form of investment. Where you can take the "difference" of a mortage of a larger home and invest. I don't know anyone who retired comfortably, only with a rental to their name. That is a home payment in perpetuity. What is also lost is the inflation. My 15 year mortgage costs the same as day 1. You'd be hard-pressed to find any rent that is the same as 15 years ago. While I agree this may not be the most opportune time to buy a house, many will never find that right time.