Housing Bailout Cheats the Smart Poor

May 5th, 2008 Posted in General

My fiance and I save our money diligently, and because we live in California, we have opted to not buy a house until we are very ready. “Ready” meaning we have close to 1/3rd of the cash on hand to help us get a low monthly payment that will last throughout the mortgage.

There are millions of people who make the choice to rent throughout America, a safe choice where they can minimize their financial risk and leverage a certain portion of constant savings to make an eventual investment they can be proud of, and secure in.

These hard working, financially responsible American’s are now being told they went about it the wrong way. The Nanny State is here to bail you out.

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