Box Living - here’s how we got into this mess
For some time now we have seen things slowly coming to the point we are now. It has not happened overnight or over one or two terms in office for our leaders.
Greed has had a lot to do with the shape of things and not just in the home industry but also with the auto industry as well as our import and exports. Many people did not want to see it but the signs were always there.
There were so many people with a “Jones” attitude, as in ‘keeping up with the Joneses’ that bought into the belief that with nothing or little down they could have that half million dollar house and pay only a thousand bucks a month payment. They didn’t believe that balloon payment due in five years would make any difference in their lives.
Well it did and every one of those who were selling or brokering those worthless pieces of paper was making a fortune. Greed on everyone’s part and it all came falling down around us
Banks are foreclosing on homes at record rates. Illi...