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**LesLattis** · 12-23-2005, 10:43 PM

This comes as no surprise, every economist in America has been predicting this. Zero down, adjustable rate mortgages have made it possible for people with not enough money to buy way too much house. All this was done on speculation that the buyers income would mushroom enough to cover the note when their 3-5 year "easy in" ride was over. Can we all spell out f-o-r-e-c-o-s-u-r-e?
This leads me to sharing my observation that young Americans live beyond their means with reckless abandon. They need to watch Rich Dad, Poor Dad.

12-23-2005, 10:43 PM	#2
LesLattis Join Date Oct 2005 Posts 616 Senior Member	This comes as no surprise, every economist in America has been predicting this. Zero down, adjustable rate mortgages have made it possible for people with not enough money to buy way too much house. All this was done on speculation that the buyers income would mushroom enough to cover the note when their 3-5 year "easy in" ride was over. Can we all spell out f-o-r-e-c-o-s-u-r-e? This leads me to sharing my observation that young Americans live beyond their means with reckless abandon. They need to watch Rich Dad, Poor Dad.
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