A great cause that needs your support!

Yesterday as I was reading through blogs on Google Reader, I saw a great post by Mind of Winter about the Mortgage Bailout. Now I’m no Business Finance major, but it doesn’t take anything more than a little common sense to realize that having the government step-in to “bail” us out of a mess we (or others) made is not the best idea. WE need to bail ourselves our, or more to the point: stand up and take responsibility for our own actions. Caveman & I purchased this house 4 years ago and although we’ve been through a few tough times (see previous posts regarding the septic problems) we’ve never been late on a payment and we even pay more than our required monthly payment. Now I realize that there are problems that arise and are totally unplanned for – again see our latest saga – but if you can’t handle the responsibility then do not purchase a home. Yes owning a home is alot of work, but so is getting an education, or having a relationship, or owning a car, or a whole host of other things in life. LIFE is work.Please go on over to the site linked below and read all about it for yourself. Then, if you feel so inclined, grab a button and put one up on your site. If we allow this to happen, then owning a home will become all but impossible, esp for younger people and minorities, who BTW already have a tough time purchasing a home. Lets keep the American Dream of owning your own home alive. 😀

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Go to the website! Listen to the interview!
Support the cause! Take a button!

We now return to your regularly scheduled knitting blog!

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4 thoughts on “A great cause that needs your support!

  1. Couldn’t agree more, Monica. It is crazy that loans were being given out to anyone with a warm body, often times with debt-income ratios of over 50% or “no documentation” loans. Just insane.

  2. Couldn’t agree more, Monica. It is crazy that loans were being given out to anyone with a warm body, often times with debt-income ratios of over 50% or “no documentation” loans. Just insane.

  3. Amen! People need to learn that their eyes can’t be bigger than their income. And just because you “qualify” for a huge loan, doesn’t mean you should use the entire dollar amount.

  4. Amen! People need to learn that their eyes can’t be bigger than their income. And just because you “qualify” for a huge loan, doesn’t mean you should use the entire dollar amount.

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