This article just drums home the point that borrowing more than you afford is a risky business, not just for you but your neighbors as well.
A town right on the default line
Friday, March 16, 2007
Wednesday, March 14, 2007
Pi Day and Free Wall Street Journal Access
FYI: Today is Pi Day (No, not Pie as in Apple but Pi as in the infinity number that people like to recite to show they are smart). Also, the Wall Street Journal Online site is Free today.
Survey on workers living paycheck to paycheck:
http://bostonworks.boston.com/news/articles/2007/03/12/many_us_workers_live_paycheck_to_paycheck_survey/
So sad that more women than men can't live comfortably on their earnings and don't save as much. Do you live paycheck to paycheck? I do, but by choice and a very stringent savings plan.
Lessons a SFH learns at a home workshop: http://www.twincities.com/mld/twincities/living/special_packages/single_female_homeowner/16895105.htm
This is a new column I discovered that is about the viewpoint of one single female homeowner on the East coast.
Living in an Amsterdam Canal House: http://www.nytimes.com/2007/03/14/realestate/greathomes/14GH-2NDSUBAmsterdam.html?_r=1&ref=realestate&oref=slogin
It's always fun to see what kinds of home other people live in even though it might not be to everyone's taste.
Subprime Lending May Hit Capital: http://www.sacbee.com/103/story/137592.html
The old sacatomato isn't immune either.
Closing on a House, a Life Story Told in Art: http://www.nytimes.com/2007/03/14/nyregion/14artist.html?ref=nyregion
A pair of investors buy a house to renovate and gets a house full of art left behind by a previous owner. As said before, a house is not just a building, it's a home with pieces of people inside.
A subprime borrower's tale: http://money.cnn.com/2007/03/14/magazines/fortune/sanon.fortune/index.htm?postversion=2007031411
A personal tale of woe puts a qualitive face to the market's decline.
Back from the brink, poor no more: http://articles.moneycentral.msn.com/SavingandDebt/LearnToBudget/AmIPoorNotAnymore.aspx
Yay. I love happy endings about people in debt.
Survey on workers living paycheck to paycheck:
http://bostonworks.boston.com/news/articles/2007/03/12/many_us_workers_live_paycheck_to_paycheck_survey/
So sad that more women than men can't live comfortably on their earnings and don't save as much. Do you live paycheck to paycheck? I do, but by choice and a very stringent savings plan.
Lessons a SFH learns at a home workshop: http://www.twincities.com/mld/twincities/living/special_packages/single_female_homeowner/16895105.htm
This is a new column I discovered that is about the viewpoint of one single female homeowner on the East coast.
Living in an Amsterdam Canal House: http://www.nytimes.com/2007/03/14/realestate/greathomes/14GH-2NDSUBAmsterdam.html?_r=1&ref=realestate&oref=slogin
It's always fun to see what kinds of home other people live in even though it might not be to everyone's taste.
Subprime Lending May Hit Capital: http://www.sacbee.com/103/story/137592.html
The old sacatomato isn't immune either.
Closing on a House, a Life Story Told in Art: http://www.nytimes.com/2007/03/14/nyregion/14artist.html?ref=nyregion
A pair of investors buy a house to renovate and gets a house full of art left behind by a previous owner. As said before, a house is not just a building, it's a home with pieces of people inside.
A subprime borrower's tale: http://money.cnn.com/2007/03/14/magazines/fortune/sanon.fortune/index.htm?postversion=2007031411
A personal tale of woe puts a qualitive face to the market's decline.
Back from the brink, poor no more: http://articles.moneycentral.msn.com/SavingandDebt/LearnToBudget/AmIPoorNotAnymore.aspx
Yay. I love happy endings about people in debt.
Tuesday, March 13, 2007
Buy Me: High Grunge
Another episode of HGTV's Buy Me, another lesson learned: never, never ever buy a new house without having sold your old one. Well, actually two lessons; Don't hire a friend for an agent either.
In this episode, spacey couple Sonya and Allan's hired their agent friend to sell their house full of cracks, clutter and an over-the-top Grecian-style bathroom before they go bankrupt paying for two houses. They impulsively bought a new dream home before selling their house in the city and can't make both mortgage payments. Now, six months later, they faced foreclosure. Desperate to sell, they weren't too happy with their agent/friend Perry who didn't even show up to several open houses. In the end, they accepted a low offer of $340,000. Had they not been in a number crunch, who knew what the house would have fetched?
In this episode, spacey couple Sonya and Allan's hired their agent friend to sell their house full of cracks, clutter and an over-the-top Grecian-style bathroom before they go bankrupt paying for two houses. They impulsively bought a new dream home before selling their house in the city and can't make both mortgage payments. Now, six months later, they faced foreclosure. Desperate to sell, they weren't too happy with their agent/friend Perry who didn't even show up to several open houses. In the end, they accepted a low offer of $340,000. Had they not been in a number crunch, who knew what the house would have fetched?
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