Ouch. Read it. That breaks my heart. You know, I try and tell the people I know what’s going on, because I don’t want to see them financially ruined from decisions like the one in that article, but most people don’t listen. Or perhaps they listen only to their desires and to the mainstream media, which has ceased doing its job the last 10 – 15 years. And it’s only going to get uglier for these people in 2008, as this credit bubble really starts to unravel. I mean, how few people making financial decisions bother to read the Finanical Times, the NY Times, the LA Times, peruse blogs and basically try to get an overall sense of where things are headed before making a financial decision like buying a house? I mean, really, read just a few articles to get a sense of things:
