Thursday, March 20, 2008

America's new subprime shanty-towns - Boing Boing

America's new subprime shanty-towns - Boing Boing

Here is a scary story about people who lost their homes in the subprime catastrophe and now live in improvised housing.

2 comments:

Jonathan said...

1. PAY your damn bills.
2. Don't buy a house you can't afford. All it takes is an ounce of common sense to figure out what is too much.
3. READ your mortgage. Yes, it's 25+ pages, but it's also pretty explicit.

Evan McKenzie said...

Good advice. And I would add "Don't buy overpriced houses in overheated markets on the bogus assumption that prices will keep going up forever."