Thursday, January 24, 2008
Affordability
The mortgage insanity made it possible for people to buy homes they could not afford, which in turn inflated the cost of houses in general. Now the push is on to bail out the irresponsible lenders and buyers who have made it impossible for people with average-incomes to buy average-homes in average-towns without being WAY ABOVE AVERAGE IN DEBT.
I say:
1. No government bail out.
2. Let the irresponsible bastards go under.
3. It's time for some deflation.
4. Let personal financial sanity return -- affordable homes with no more than a 15-20 year mortgage.
