The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KM who wrote (46175)	12/29/2005 1:20:59 PM
From: Think4Yourself	Read Replies (2) of 306849

Babies cost money. She, and her boyfriend, overstretched their finances buying and furnishing their homes. Like some really dumb people, they don't have a significant savings for unexpected events. They are getting whacked with two in the form of marriage and a baby. neither can sell their place without losing money on the deal...money they don't have to lose in the first place. The closing costs and sales commissions exceed their equity in the homes. In other words, they are damned if they do and damned if they don't. Why single 21 year old kids with no college education need $250K 2700 square foot luxury condos is beyond me. I am surprised at the number of americans who couldn't survive 6 months of unemployment yet spend their paychecks on stupid stuff like dining out and buying stuff they don't need...on credit. Are they REALLY that incredibly dumb, or are they just incredibly dumb? Then again, maybe they are just incredibly dumb!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next