Tuesday, June 25, 2013

Our financial problems, summarized in two links

First, take a look at my friend Jim's first house

Second, ask yourself why we, today, find that 76% of American families are living paycheck to paycheck?   I'm guessing it might have something to do with the fact that getting a mortgage no longer requires any significant down payment, let alone the 20% or so Jim's folks were required to have.

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