Don’t tell me that the Republican behind this scheme didn’t know what he was doing. $15,000/yr field laborer approved for $720,000 home loan. You know what happened:

“We wanted to live in Watsonville,” says Rosa. “But [the real estate agent] said the houses there were older and more expensive.” One of the first homes they were shown was a “new” four-bedroom, two-bath house in Hollister for $720,000. When the Ramirez’s heard the price, they worried that they couldn’t afford it.

But the couple says they were assured them it was possible.  Read more 

I’ve been surfing, and this is a question on my mind. Really, why? Tell me why you think owning is better than renting, or not. Be specific. I just did some reading on our housing situation, and I’m left with this feeling that…it’s very stupid, if you’re not really, really rich and very, very armed and buying property with a natural, deep well in Idaho, to buy long-term financed housing. Am I just bitter and off base? This isn’t about those who already own or mostly have paid off their homes, but about peeps today who don’t own and are thinking of changing that. Yes, I’d like to own a sheep farm in New Zealand and a French wine-growing estate with a huge Chateau, but I probably never will. So why is buying a pre-fab near-trailer 55 miles away from an urban center with no municipal amenities a good idea? Because I want to be a debt-slave, thanks to the new BK bill, for laminate floors and Chinese-made plastic shelf fillers? Home ownership is dead to people like me, and with it, the “American Dream.” Am I an outlier, or just a loser?