June 24, 2008 at 9:23 pm
#628646
Sue
Participant
As long as I can rent a nicer home in a better neighborhood than I can afford to buy, I’ll be a renter. I can afford to buy the 700 square foot house across the street from me if I wanted to. I’d rather be renting the 1,700 square foot house with rent half the price of the mortgage on the house. If that makes me unpatriotic, so be it. :)
I’m a legal assistant dealing in large part with bank business. I can’t even begin to tell you how many foreclosure warning letters I’ve written this month on behalf of our clients. The saddest part is how “small” some of these amounts are that are missed payments (compared to house payments on new mortgages today). Looks like a lot of people can’t afford their homes . . .