UN to open 'probe' on US housing crisis

Platapus · 10-25-09, 06:40 PM

Guilty as charged.

When The Frau and I were first looking for a house to buy, we wanted to find something in the 300-350K range but could not find anything to our liking.

Then we stumbled upon a builder and started considering a new construction for 450K. If I was smart, I should have stopped there and started looking for existing houses in the 400K range. But we got caught up in the excitement of a "new" house.

Of course the initial cost of 450K is a fantasy. about 500K later we had our new house.... too big... too expensive for what we needed (or even wanted).

Fortunately we were smart enough not to take out a loan we could not afford, but still we allowed ourselves (no one to blame but ourselves) to get suckered in to buying too much for too much.

10-25-09, 06:40 PM	#11
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,373 Downloads: 63 Uploads: 0	Guilty as charged. When The Frau and I were first looking for a house to buy, we wanted to find something in the 300-350K range but could not find anything to our liking. Then we stumbled upon a builder and started considering a new construction for 450K. If I was smart, I should have stopped there and started looking for existing houses in the 400K range. But we got caught up in the excitement of a "new" house. Of course the initial cost of 450K is a fantasy. about 500K later we had our new house.... too big... too expensive for what we needed (or even wanted). Fortunately we were smart enough not to take out a loan we could not afford, but still we allowed ourselves (no one to blame but ourselves) to get suckered in to buying too much for too much. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.