by DragonFire » Fri Nov 25, 2011 11:49 am
Don't forget that plenty of folks lived on credit and fell for those adjustable rate home loans...I had patients come in all the time and brag about the huge house they just got for themselves and 2 kids..all for next to nothing. People used to encourage me to do the same, but not liking to live on credit, I said 'what happens when it adjusts up to make up for the good rate now?? How do you know you can afford it?'...and, well, thousands couldn't.
I'm in CA...and was in the San Francisco area. It was bad when the dot com bubble burst and now it's even worse. There is no free lunch. Folks need to take a look at their grandparents and see how many of them bought everything but the house outright.
OK, off my soapbox. I just saw too many people ruined financially because they fell for the hype. Hope it hasn't happened to anyone here, or their loved ones. It's just so sad to see folks hit the hard times like that.
Now..back to camping!!! Teardroppers are good at the minimalist living thing...it's an exercise in doing a whole lot with very little!
'79 Grasshopper
Coleman Keepers 200a Gang