I’ve made a lot of mistakes in my life. The true number is somewhere between my wife’s estimate and those I’ll cop to. But, for the life of me, I can’t recall a single one from which the government bailed me out. This only goes to show you, that despite my girth, I’m not too big to fail.
I’m learning that nowadays if you owe more on your house than it’s worth; your not to blame. I mean, how’s an ordinary Joe supposed to know $600,000 is too much for a unique fixer-upper? What are we realtors? Not to worry, Uncle Sam is riding to the rescue. He’ll help you refinance that white elephant. That way you can make the same mistake, but at a lower interest rate.
I’m not without sympathy for these people. The same thing happens to me every time I buy a new car and drive it off the lot. The last SUV I bought cost more than my house. I doubt anyone in Washington cares that the payments hurt or that I owe more than it’s worth. Serves me right for being a rich one-percenter.
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