Quote:
Originally Posted by Sassy
Wow...such a beautiful home....I bet they are feeling really horrible about now.
This kind of reminds me of the subprime industry....they loaned money to people with bad credit...at very high closing costs and interest rates. Because they hadn't corrected any of their bad habits...alot of them lost their homes recently. Some didn't even make their first payments.
It all comes down to what RCraig said...we need to be good stewards.
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I am not sure I see the connection to the subprime mess, but it is one thing for a family to bite off more then they can chew -and loose their home. It is quite another to be GIVEN a FREE home, and still lose it.
What it does remind me of, and is consistent with, are the great number of lotto/powerball winners who take home millions -only to declare BK within a couple of years!
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