gone2pot

The Impending Mortgage Crisis

I got it Michael. Just didn't say it directly in my missive. I know our good deal is going to lose value in the next few years but we won't be walking away when it does because we have no intention of moving. After owning homes in NC, CA, SD, and MO (taking a HUGE bath in '94 in SoCal), we're not planning on a move for a long time (not with a thirty year fixed and 20% down mtg). Mama likes her atrium ranch on the little lake. She's got her Masters in Nursing and they want those here. I can flip burgers or tell people where the paint aisle is at the Lowes with my USNA BS degree and substitute teach math and physics to help make it easier financially. We'll walk if our health goes south. By then we'll be victims along with The Children and it'll be socially acceptable. Hell, it'll probably create a new victim class with Barney Frank, Nancy Pelosi and McCain "concerned" as they bail out the geniuses at the Citi's, BofA's and Countrywide's, swooning for the votes of the American Idol/VH-1 watching rocket scientists.