To: GovernmentShrinker
But if you owe $150,000 on a house that will sell for $100,000 in this market, and $125,000 even when the housing market is back to normal, and you have that electric bill for $300 due tomorrow, you’re not just illiquid but also insolvent. And that is where way too Americans find themselves today. And it's not going to be pretty.
139 posted on
09/20/2007 7:25:38 PM PDT by
AuntB
(" It takes more than walking across the border to be an American." Duncan Hunter)
To: AuntB
And that is where way too Americans find themselves today. And it's not going to be pretty.That's why it's so great to have a mortgage free home. What ever comes down the pike in the future we'll always have a roof over our head.
145 posted on
09/20/2007 7:28:40 PM PDT by
processing please hold
(Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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