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February 05, 2008

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Joyless Moralist

Not to miss the point or anything, but... who buys a brand new house when they're that deep in debt?

Nato

They must have bought the second house as a business venture. It was happening a lot in 2006.

Nato

As an investment, I meant.

Tom

Um, those morons would be hurting even during a housing boom, unless their strategy was to "short trade" houses. I have no sympathy for people that dumb. On the other hand, banks should know better than to give loans irresponsibly to people who will never be able to pay them off.

Yeah, I concur with Nathan. If Romney ever did evict the 11 million illegals in this country, the housing crisis would become a housing great depression.

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