Re: OT...But A Major Concern...Homes!

Posted by Dave from MN on November 08, 2007 at 13:02:32 from (67.133.91.236):

In Reply to: Re: OT...But A Major Concern...Homes! posted by T_Bone on November 08, 2007 at 11:21:59:

I also was broke, at one time. I also learned about the "dont get over your head" lesson when I was about 17 or 18. I was embarressed, I was miserable, I had to due with what I could afford. I learned from that experience. I just passed on the land I wanted to buy, I had the loan, I had the cash flow, but I know , that IF I or my wife got hurt, and we lost one of these incomes, no way could we make it with this mortgage, and a new loan for the land, and medical, braces, etc, etc. Farmers in times of high interest and low crop/ livestock/milk prices, I would want to help them as well, because they are rarely spending foolishly and trying to live like a rock star to keep up with the Jone's, or Mark's, or whomever they need to have more than. Those who are selfish and foolish, get what they deserve, I do feel sorry for the innocent children of these familie that are tossed into a mess because of it.

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