« Is The United States A Banana Republic? | Main | Remedy du Jour -- January 19, 2013 »



Feed You can follow this conversation by subscribing to the comment feed for this post.

John D

If you watch HGTV's House Hunters, you see this behavior on every episode. Working class families 'need' a $500,000 home. First time buyers absolutely cringe if they walk into a home and don't see granite countertops and shiny hardwood floors. "What, no theater room"? When my family relocated several years ago we downsized, realizing the kids would be out of the house in a few years.

These folks are in for a rude awakening. 30 years is a long time to commit to a high monthly payment.

The comments to this entry are closed.