Wednesday, October 01, 2008 6:23:53 AM
I think the whole problem is the american way of life! How can anybody be stupid enough to buy a house for 300000 USD with a net income of 20000 USD or less and how can any financial institute give credit to thoose people.
Americans have consumed and made war over the last few years by printing new dollar bills and borrowing money from the rest of the world.
There is only one rule to follow in your life if you don't want to get in financial trouble:
Don't buy anything if you don't have the money!!!!
I would never take out a loan to buy a big new car, a flat TV or to go on holiday. First I save money and then I go shopping!! If I don't have enough money to buy a new Porsche I have to buy a used Beetle - that's the whole secret!
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