Friday, July 08, 2005

List Me Under The 84%

Former guestblogger DT sends some happy news our way: only 16% of Calif. households can afford a home.

I already knew I couldn't afford one anytime soon. Good to know I'm in good company. Or poor company.

Hey, there's always interest-only loans right? Someone is out there who will give credit to anyone. Fabulous way to build an economy, no?

1 comment:

Jared said...

Hey, everyone should have access to credit at interest rates that make sense for their risk. The problem comes when people do dumb things with money borrowed at a high real rate of interest. Still, it's probably better for people with bad credit to be able to get some credit, rather than none at all.