Specifically,the category I'm targeting are those who twisted the original concept ofowning a home into owning a $600K mansion thru one of the various schemes and made the mistake of thinking it was 'due' them.....and,that living within one's means wasan old silly concept.
I look back further and see the people who took the original concept of owning a home and turned it into a buying and selling pyramid scheme. Homes were constantly bought and sold with just the idea of "flipping" them for more money. I wish $600K bought a mansion here in Seattle, but nowadays (even with the downturn) it merely buys you a house that was about $150K 15 years ago. Hell, because of this, "living within one's means" does not allow home ownership at all (what with 500 sq. ft. condos still being over $200K).Eamon
I shall reframe from commenting on this subject until after the 29th of this month...God Bless.....
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