The haunted houses of 2008 are all those foreclosed homes! I have toured many of these haunted houses this year and it is sad to think of the families that once lived in them.
We need to return to the good old days when buyers saved more than they spent, when they saved for a real down payment, and modest home they could afford. When bankers made loans based on conservative income ratios, verified jobs, credit worthiness, and low fixed rates. When homeowners spent within their means, did not use their home's equity as a line of credit, built equity by paying off deft quickly, and maintained their homes as long term investments.
The biggest blood sucker to future wealth is debt. It is the interest people pay on home loans and credit cards. Have you ever wondered why bank buildings are usually the fanciest buildings in town? It is interest paid on mortgages and credit cards. The paid off home mortgage truly is the best status symbol. I say quit paying for big bank buildings rather pay for your home in full as quickly as possible.
You know what the good old days really were? It was back when people were not trying to remove God from the history and fabric of our nation. It was when God was the status symbol of choice because we realized only God could give us the common sense to do all of the above.
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