USA TODAY Editorial Against Easy Money
Predictably, three to six months after the blogosphere started writing about the real estate bubble, the mainstream media has jumped on the bandwagon. Welcome aboard USA TODAY; how about making a nice giant color graphic of a balloon bursting on your front page one day next week.
“These days you can buy a house with no money down. You can get an interest-only loan. You can get an adjustable-rate loan. You can get a "no docs" loan on the fly, without revealing your income or net worth.
Welcome to the world of easy money. Your bank wants you to buy a house — or two, or three. It's a glorious thing. It's making some people rich. And it's helping people of modest means get a piece of the American dream, even in expensive markets.”
“These days you can buy a house with no money down. You can get an interest-only loan. You can get an adjustable-rate loan. You can get a "no docs" loan on the fly, without revealing your income or net worth.
Welcome to the world of easy money. Your bank wants you to buy a house — or two, or three. It's a glorious thing. It's making some people rich. And it's helping people of modest means get a piece of the American dream, even in expensive markets.”
posted by Little_Silvered at 7:11 PM
0 Comments:
Post a Comment
<< Home