Sunday, April 22, 2007

Why I Didn't Overreach For A House

A Chron writer says we shouldn't be bailing out subprime lenders or borrowers - and, thinking about the way we've been financing houses lately, I tend to agree. Lenders really do seem keen on getting would-be buyers into a house regardless of the risk. I met with one broker awhile ago and by the time he finished massaging the numbers, I was nearly a homeowner. But buying a home would've been a really bad idea - even if I didn't mind eating nothing but raman for the foreseeable future.

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