Sign of the times - Extreme Makeover house in foreclosure
Posted: Mon Jul 28, 2008 1:46 pmNot the first time that this has happened to a house built on that show.
It all boils down to a lack of financial management skills, on which one may receive a semester's worth of training on during high school economics. It has NOTHING to do with how much money you either have or had. Who woulda' thunk that Ed McMahon would lose a house to foreclosure?
Shoot, even if the mortgage is completely paid off, just the property taxes alone on some of these houses are too much for the people to afford in the long-term.
Give a person a house, and they'll live there for a day, teach them how to build a house . . .