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http://tinyurl.com/2cqv7t

In my mind a lot of the blame for the home mortgage crisis belongs
squarely on the shoulders of those that received the loans.

In their quest to get into a home they failed to analyze what
could/would happen when the inevitable rate changes came along.

That doesn't excuse the lenders. "There's a sucker born every minute".



A female companion of mine wanted buy a house together a few years back.
She kept looking at houses in a ridiculously high price range. I pointed
out that if either of us lost our job, we'd be in trouble almost
instantly with the price range she was focused on. She said "Oh come on.
How likely is that?" Two weeks later, she lost her job. Gamblers
shouldn't buy houses.


LOL My wife and I are now empty nesters and have decided to down-size.
Unfortunately my wife's idea of down sizing is buying a larger more
expensive house. Not that it is her intention, but the only houses that
she is attracted to are MUCH larger. I keep saying the same thing - I do
not feel secure in my job so why would I want to take on a larger
mortgage...


I'm thinking now of a comment from comedian Ron White. He's talking about
the slogans used by one of the mall jewelry stores. "Diamonds - they'll
leave her speechless!" Why don't they just say what they really mean?
"Diamonds - that oughta shut her up!" :-)