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The Next Real Estate Crisis
- hugh 18y agoWhy do they never find anyone to interview for these articles who hasn't gone and made an apallingly stupid decision? Like this woman: "The option ARM was initially a blessing and then a curse for Deborah Shaw, a 52-year-old systems analyst for Santa Cruz County, Calif. In 2004 she bought a $575,000 two-bedroom house with her boyfriend with a 40-year fixed mortgage. But when she and her boyfriend split..." Even leaving aside the fact that it's a bad idea to buy a house with someone you're not married to, why would a 52-year-old get a 40-year mortgage anyway?