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US-mortgage-backer-may-need-bailout: Personal Finance News from Yahoo! Finance
When will they learn?
Even the 2 examples of home buyers they used in the article that were only able to buy because of a FHA loan, were to me a classic example of why some people really should NOT buy!
There is no reason not to rent sometimes. A want is not a need!
The first example was a woman who "wanted" to buy. The second example was a young guy who "knew in his heart that he couldn't afford a house" and was amazed he was able to pull it off!
Argh.
When will they learn?
Even the 2 examples of home buyers they used in the article that were only able to buy because of a FHA loan, were to me a classic example of why some people really should NOT buy!
There is no reason not to rent sometimes. A want is not a need!
The first example was a woman who "wanted" to buy. The second example was a young guy who "knew in his heart that he couldn't afford a house" and was amazed he was able to pull it off!
Argh.