The loss of overinflated value in the home is a shock for many of us. No one likes the paper loss. Those spending the value of the overinflated paper were headed for trouble anyway. We all see how people that are upside-down want to walk away... using the rationale of: It makes business sense!
This is not an article about kids or parenting. It is about financial responsibility and living within one's means.
Shocking isn't it. This woman works in finance and has little common sense regarding personal finance.
I do not feel sorry for her. It was stupid. Now if she said something like. DH or child has a severe health problem and it caught us by surprise (extreme unexpected expense)... I would have some sympathy.
How is it that some manage to live within their means and others do not? Some people have to learn the lesson the hard way. Welcome to reality lady! 
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Planned FIRE Summer 2011
Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.
Last edited by chinaco; 02-24-2008 at 04:38 AM.
Reason: added a comment
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