Friday, November 2, 2007
Take some personal responsibility for your dumb financial decisions. If it seems too good to be true it probably is. You knew when you bought that million dollar house with nothing down that you were getting in over your head. Now that house is worth 800k and you want someone to bail you out or you are going to walk away. That is not the way it works. Take some personal responsibility and pay your bills. You traded your financial future for granite countertops and hardwood floors and now it is time to make good on your bet. If the government bails you out by artificially inflating home prices the ones that are going to get squeezed are the old (on fixed income) and the young fist time home buyers who can not afford an entry level home.