Fellows, I am 53yrs. old I would be scared to death. To take out a morgage now days at the current prices of house's My 1st, house which I rent out now. I had built from the ground up, 3 bed rm. full basement, cost me $41,500.00 of course this was 20 yrs. ago, I think the reason people are defaulting, Oil, when oil goes up everything goes up, Food , utilties, transportation/shipping ect. let alone about putting gas in your car. of course a lot of people are already over extended Then the intrest on there house payment goes up & that's puts alot people over the edge, Between the greedy oil mongers, & the greedy banks with there intrest. there where the problems lies. I am Thankful to God Almighty that both of my homes are paid for I have a little money in the bank. I've been through hard times to, seen times when didn't have nothing to eat but a loaf of bread & some home groud tomatoes for week between pays, Have Live in a Tent with a wife& infant daughter intill I got mobile home moved Than latter that year mobile home burns to ground,(week before thanksgiving) ever lived in a home less shelter I have. But through all this I worked Every day paid my debts/ loans on time . No one in my family offered any help but my sister she kept my dog for abought a year. Oh by the way I make less than 50K a year & my biggest expense is fuel,Car, truck, tractors, home heating oil, big killer here heat with wood pellets no real savings here but I can buy a ton as I need them put the fuel oil man wants 1K now when he comes to visit. Haven't used him for 3 yrs now. These are hard times sorry about the rant& rave. Dave F.
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