Well now, how about a little bail-out money for those who made bad purchase decisions….those with premature penmanship…those that got stars in their eyes over redecorating and an extra bedroom or two.
I’m talking about those that bought into the whole no money down, move into a house you can’t afford, and worry about all the consequences later…let “us” work out the details.
Get ‘em inside this house, show them how great it is, spray some of that new house smell spray around and whip out the gold pen so they can screw themselves…hell, you got the sale, and they are so stupid.
It all sounded too good to be true, and so many fell for it.
Bottom line is, do not buy something you cannot afford. Do not put yourself into debt than can drown you.
People who do not have to put any sweat into gaining something do not have the gumption to sacrifice to hang onto it. People who are dazzled by all that glitters do not see the man behind the curtain. The government should NOT bail people out for getting in over their heads. We are all hurting, should your neighbor get a loan break because they cannot afford to stay in their house while you make your monthly payment? All the while telling the kids this Christmas “we’re making all the gifts homemade” ?
Get rid of all debt. I know you cannot pay your house off this month. BUT you can come up with an extra payment or two this year. Look into refinancing. Rent out a room, if you stay at home or work from home, take in a baby or an elderly person that you can keep an eye on while you do what you do around the joint.
Just making an extra payment or two a year wipes out ALOT of interest.
We were able to build our home ourselves. I moved up here 10 years ago ( to Ohio) and we both worked full time and for 2 and 1/2 years we lived in a one bedroom apt. Thats bedroom, kitchen, and living room..oh and a bathroom. A tiiiiiinnnyyyy bathroom. We went out to eat at a buffet once a week, got all our cd’s and movies and books from the library, and ran errands on Saturday. Then on Sunday we would drive to the country and look around, pack a picnic lunch and park and talk about our plans to get out of the city. This was our weekly ritual. We both worked as much overtime as possible. Larry as a Truck driver, me as a Pharmacy tech.
He made 12.00 an hour I made 7.00. Our apartment was 300.00 a month and included heat, water and trash pickup. We got the budget plan on our phone as we made few calls out. And found a long distance plan for 2.3 cents a minute. Our electric ran about 30.00 a month. We bought a second hand apt washer on wheels that hooked up to the kitchen sink and strung lines in back of the building to dry clothes on. We ate alot of beans and rice and home made soups.
In 2 and 1/2 years we saved 21,000 dollars. We bought a small truck that was a 1984 ford ranger for 800 dollars and on July 2001 we signed a land contract for 8.59 acres in southern Ohio. This was for wooded land.
We have both been interested and committed to living as close to the land and nature as possible since we met in Vermont back in 1970. I was 12 he was 25. We met at a communal living park. Earth Peoples Park. 600 acres of free land for free people.
We have been here 7 years now and the house is winding down, don’t think we will ever be finished.
Now, don’t think I am poking at people who are losing their homes. No. I just am disappointed in the sheeple who buy into this credit beyond your means lifestyle.
We saved and did without. We drove that same truck till last fall, now we have a 1987 Ford Ranger we bought for 300.00 dollars and put another 300 into. Hope it lasts as long as the last one, looks like shit, but those new shocks at 12.83 each sure make it glide.
clearing we made
one of 3 doors
Front, the back faces the road
