Tags: Economics, Economy, Housing, Humor, Politics by dooglio
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Stephanie Moore. in her article about Creative Mortgages, writes, “This is a story about how easy it is to get into serious trouble … even when you know better.” She just had to have her dream home, but didn’t have the money nor the long term income to back it up.

She suffered some really bad stuff (I mean, her cat was having chemo treatments on top of everything!), but she admits that she brought most of it on herself. I like that–responsibility for self. I don’t think we need new laws to stop all bad things–people just need to have a little common sense. She was in a rush to have a too much home without the income to back it up.

I know I’ve engaged in stuff that was “too good to be true” and gotten burned. And her tone suggests that she wants all of us to learn from her lesson. Anyway, excellent article! Buyer beware!

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Tags: Economics, Housing by dooglio
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