then you shouldn't be a home owner if you don't have 20%

i wholeheartedly agree with you

but what is that newly married couple that wants the american dream so desparately to own a home and raise their babies in going to say when big corporate america says 'don't worry...you only make 10/hour but we have this special subprime mortgage taylor made just for you!'

do you honestly think they're going to take their last paycheck and hire a lawyer to make sure line 53 on page 25 isn't going to bite them in their ass? no....this is what the problem is

.....if you ignore the risks....

it Is YOUR fault.

affording a House is the easy part If you add up your House Expenses, that plus everything else will cause you to go into deep debt How do you choose what too pay? What could you do without?

i was taught in 7th grade....if you pay more than 25% of your 'take home" on rent/housing you will be in trouble.....it's not a difficult concept..

but it is when they throw stipulations in there
you start out under the 25% mark but when they are done with you....you're toast.

but it is when they throw stipulations in there
you start out under the 25% mark but when they are done with you....you're toast.

tell that to 1/2 the american working people that are losing their homes

the governmental regulations

Umm..LACK of government regulations is what caused this whole mess in the first place.