We have been too careful. We have worked hard, bought our houses below "what we could afford", put 20% down, made our payments, and have not used lines of credit to cover expenses and purchases.
The car wash worker has purchased way beyond his means, put down the equivalent to first and last month's rent, and has fallen behind on his mortgage for months.
He owes us a thank you. We will be paying the taxes and carrying the extreme burden of the latest bailouts that will help this man and his family.
It's hard to swallow, isn't it?
'til later
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