[dharmagirl]

The real question is – apart from our mutual disgust – is WHAT effect WILL this have on the economy? What if the housing bubble is followed by a collapse of credit card debt on Wall Street?

In the NPR interview Joe said a credit card problem wouldnt be nearly as bad as the housing collapse….but still…

I used to tease my “depression era” father about the way he never threw things away, and kind of had a money under the mattress approach to finance…the truth is, his entire generation was SHAPED by the Depression.

Maybe it will take a cataclysmic event like that to change the mindset of an entire generation….to wean them off the teat of easy credit, living beyond their means, etc?

I am not an economist, but if HELOCs are gone, and credit becomes harder to get – esp for defaulters – will many people be forced to live on the money they actually earn?

That would be shocking.

[dharmagirl]

The real question is – apart from our mutual disgust – is WHAT effect WILL this have on the economy? What if the housing bubble is followed by a collapse of credit card debt on Wall Street?

In the NPR interview Joe said a credit card problem wouldnt be nearly as bad as the housing collapse….but still…

I used to tease my “depression era” father about the way he never threw things away, and kind of had a money under the mattress approach to finance…the truth is, his entire generation was SHAPED by the Depression.

Maybe it will take a cataclysmic event like that to change the mindset of an entire generation….to wean them off the teat of easy credit, living beyond their means, etc?

I am not an economist, but if HELOCs are gone, and credit becomes harder to get – esp for defaulters – will many people be forced to live on the money they actually earn?

That would be shocking.

[dharmagirl]

The real question is – apart from our mutual disgust – is WHAT effect WILL this have on the economy? What if the housing bubble is followed by a collapse of credit card debt on Wall Street?

In the NPR interview Joe said a credit card problem wouldnt be nearly as bad as the housing collapse….but still…

I used to tease my “depression era” father about the way he never threw things away, and kind of had a money under the mattress approach to finance…the truth is, his entire generation was SHAPED by the Depression.

Maybe it will take a cataclysmic event like that to change the mindset of an entire generation….to wean them off the teat of easy credit, living beyond their means, etc?

I am not an economist, but if HELOCs are gone, and credit becomes harder to get – esp for defaulters – will many people be forced to live on the money they actually earn?

That would be shocking.

[dharmagirl]

The real question is – apart from our mutual disgust – is WHAT effect WILL this have on the economy? What if the housing bubble is followed by a collapse of credit card debt on Wall Street?

In the NPR interview Joe said a credit card problem wouldnt be nearly as bad as the housing collapse….but still…

I used to tease my “depression era” father about the way he never threw things away, and kind of had a money under the mattress approach to finance…the truth is, his entire generation was SHAPED by the Depression.

Maybe it will take a cataclysmic event like that to change the mindset of an entire generation….to wean them off the teat of easy credit, living beyond their means, etc?

I am not an economist, but if HELOCs are gone, and credit becomes harder to get – esp for defaulters – will many people be forced to live on the money they actually earn?

That would be shocking.

[dharmagirl]

The real question is – apart from our mutual disgust – is WHAT effect WILL this have on the economy? What if the housing bubble is followed by a collapse of credit card debt on Wall Street?

In the NPR interview Joe said a credit card problem wouldnt be nearly as bad as the housing collapse….but still…

I used to tease my “depression era” father about the way he never threw things away, and kind of had a money under the mattress approach to finance…the truth is, his entire generation was SHAPED by the Depression.

Maybe it will take a cataclysmic event like that to change the mindset of an entire generation….to wean them off the teat of easy credit, living beyond their means, etc?

I am not an economist, but if HELOCs are gone, and credit becomes harder to get – esp for defaulters – will many people be forced to live on the money they actually earn?

That would be shocking.

[dharmagirl]

I’m closing on my house in less than 2 weeks. It was a REO. The previous owners only ripped the BBQ out of the island and the wine cooler unit that fits precisely into a kitchen cabinet.

But I’ve looked at homes that have had cabinets, thermostats, alarm systems, staircase balustrades, doors, vanities, and even windows removed.

It’s just amazing.

I still dont understand why these people get so angry about being foreclosed on.

[dharmagirl]

I’m closing on my house in less than 2 weeks. It was a REO. The previous owners only ripped the BBQ out of the island and the wine cooler unit that fits precisely into a kitchen cabinet.

But I’ve looked at homes that have had cabinets, thermostats, alarm systems, staircase balustrades, doors, vanities, and even windows removed.

It’s just amazing.

I still dont understand why these people get so angry about being foreclosed on.

[dharmagirl]

I’m closing on my house in less than 2 weeks. It was a REO. The previous owners only ripped the BBQ out of the island and the wine cooler unit that fits precisely into a kitchen cabinet.

But I’ve looked at homes that have had cabinets, thermostats, alarm systems, staircase balustrades, doors, vanities, and even windows removed.

It’s just amazing.

I still dont understand why these people get so angry about being foreclosed on.

[dharmagirl]

I’m closing on my house in less than 2 weeks. It was a REO. The previous owners only ripped the BBQ out of the island and the wine cooler unit that fits precisely into a kitchen cabinet.

But I’ve looked at homes that have had cabinets, thermostats, alarm systems, staircase balustrades, doors, vanities, and even windows removed.

It’s just amazing.

I still dont understand why these people get so angry about being foreclosed on.

[dharmagirl]

I’m closing on my house in less than 2 weeks. It was a REO. The previous owners only ripped the BBQ out of the island and the wine cooler unit that fits precisely into a kitchen cabinet.

But I’ve looked at homes that have had cabinets, thermostats, alarm systems, staircase balustrades, doors, vanities, and even windows removed.

It’s just amazing.

I still dont understand why these people get so angry about being foreclosed on.

[dharmagirl]

Some days, I think I’ll just move to Costa Rica and watch the U.S. economy blow up from afar while I’m sipping a fruity drink and having a massage on the beach….

[dharmagirl]

Some days, I think I’ll just move to Costa Rica and watch the U.S. economy blow up from afar while I’m sipping a fruity drink and having a massage on the beach….

[dharmagirl]

Some days, I think I’ll just move to Costa Rica and watch the U.S. economy blow up from afar while I’m sipping a fruity drink and having a massage on the beach….

[dharmagirl]

Some days, I think I’ll just move to Costa Rica and watch the U.S. economy blow up from afar while I’m sipping a fruity drink and having a massage on the beach….

[dharmagirl]

Some days, I think I’ll just move to Costa Rica and watch the U.S. economy blow up from afar while I’m sipping a fruity drink and having a massage on the beach….

[Author]

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