He made about $9 an hour as a strawberry picker and after the sub-prime negative amortization period ended and his loan suddenly went from hiving to pay $500 a month to having to pay $4000 a month, he couldn't make the payment and his house was about to be forclosed on.
The newspaper wrote the story giving it a spin of how unfair it was that this poor itinerant crop picker was losing his chance at the American Dream.
About the only saving grace is that when the dollar falls into the tank and we have runaway inflation, I should be able to pay off my mortgage pretty quickly when the minimum wage is raised to $100,000 an hour.
“a poor Mexican immigrant ...bought a 3500 square foot home.”
With that much space, why didn’t he rent out rooms to pay the increased mortgage?