Listen to the audio excerpt from the Dr. Laura Show. A female FB calls in about how she and her husband were fighting over a house they can’t afford because the interest rate is reseting.
Orginally From Seattle Bubble:
If you can’t listen to the audio, here’s a partial transcript:
Ryan: When my husband comes home from work today—if he comes home, ’cause he’s calling and saying he’s not going to come home—I’m wondering how, or what to say to him. He had like, a flip out last night that continued into the morning. I actually had to leave with our kids because he was actually breaking things. This is not typical behavior of his at all, and I’m just really nervous—
Dr. Laura: Was he drinking?
Ryan: He doesn’t drink, no.
Dr. Laura: What do you think caused this big flip out?
Ryan: Well, we bought a house two years ago, and ever since we bought the house it’s always been “we bought it because you wanted it,” and every time we have financial struggles, it’s my fault because we bought a house that he said we shouldn’t buy, so… that’s… I guess the stresses of the house are getting more intense because our interest is going up so it’s been sort of like the past month I’ve been hearing him talk a lot about that.
Dr. Laura: Well, wait a minute. You mean, you bought a house when you really couldn’t afford it?
Ryan: There you go. [nervous laugh] Exactly. Exactly. And I kinda pushed to buy the house because I thought we could, even though I really should have listened to him…
You should take the time to listen to the entire three-and-a-half minute call (player below). Due to the format of Dr. Laura’s show, we don’t know where Ryan was calling from, but thanks to your friendly neighborhood housing bubble, situations like this are playing out across the country with increasing frequency.
