[hinckley buzzard]

Over the years he has taken out $190,000 in cash through refinancings.

This guy is a foolish spendthrift who has no one but himself to blame. If he loses his house it will be because he deserves to lose it. Yet he persists in trying to deflect blame on to others who didn't warn him enough to save him from himself. Bah.

[goldstategop]

$190,000 barely covers the third of the median in California. In the rest of the country, he would probably own the home free and clear.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[snowman_returns]

If he loses his house it will be because he deserves to lose it. Yet he persists in trying to deflect blame on to others who didn't warn him enough to save him from himself. Bah.

Sorry to burst in here on a US story but this kind of situation is now very familiar here in the UK, i.e mortgages can now run for 35 years up from 25, we've always called this living beyond your means. Whatever happened to personal responsibility???

This whole personal debt issue is now looking pretty scary to me, both here and the US, the bubble will burst sooner or later. Are people really dumb enough to believe they can live on credit for the rest of their lives??

Or is there something I'm missing??