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:
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.
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