Debt pronWatching TV the other day we caught one of these "Bank of Mummy or the Wife" type shows and we thought, "This is Debt Pron." I.e. peoples financial problems exploited for the voyeuristic pleasure of others. Then we thought, "We bet lots of people on B3ta have massive financial problems. Let's exploit them." So, confess them all. Dodgy credit cards, lending money to some bloke in the pub, visits from the bailiffs, using one card to pay off another. We want to wallow in your fiscal pain. So, what is your biggest money fuck up?
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rob, Thu 23 Nov 2006, 19:50)
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here in San Franciscothere is this stupid imperative that you must buy a house NOW NOW NOW before prices or mortgage rates go even higher. (I get to wait for my parents to die first.) People end up going into massive debt, usually with interest-only or negative-amortization loans and/or other methods of "creative" financing so they can afford the payments. That means they will possibly owe more than what the house is worth. Look out, here come the foreclosure fairies to take your house away!
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cynfulcynner ...another American nutter, Fri 24 Nov 2006, 11:47,
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