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To: stainlessbanner
"Interest-only, adjustable-rate mortgage in an overpriced area."

Stainless! Howdy! Back then they were being told that they had to buy a house then, for real estate was skyrocketing astronomically, by the mainstream mess and the breakroom experts.

"Couple works three jobs, still can't pay mortgage."

More than the housenote draining their finances. Start writing checks to real men of God off the top, and quit smoking and drinking colas to save MEGA-bucks.

"They could buy a $60k home in fly-over country. California dreamin'"

ROTFLM**O! Just got back from feeding a kitten and her two little kks at a house just like that, which might have been sold yesterday. It's fly-over country as choppers are flying overhead looking for a two-year-old boy aways south of here.

213 posted on 09/23/2006 5:57:31 AM PDT by 100-Fold_Return (III John 2)
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To: 100-Fold_Return
Couple examples of real estate in different parts of the country. Same typical 1200 - 1500 square foot, 3 bedroom ranch (one story) home:

Copley, Ohio, near Akron, for $139,900

East Palo Alto, CA for a whopping $605,000 for this piece of crap...

Fairfax, VA, for $449,000

Plano, TX, Dallas Suburb, for $90,900

And finally...for $275,000 in Scottsdale, AZ (Phoenix Suburb)

250 posted on 09/23/2006 8:26:23 AM PDT by RockinRight (She rocks my world, and I rock her world.)
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