This
article tells the story of a man who is losing his battle with credit. I used to think that the only people who fell into these holes were those who didn't understand finance. But this guy is an economics writer from the New York Times, and he's telling us the story of how it happened to him!
Unbelievable!
It's one thing if he couldn't afford to make mortgage payments because he lost job, but this guy just got himself into a mortgage he couldn't afford in the first place! He never lost his job. Unbelievably irresponsible.
JUST BUY THE SMALLER HOUSE!!
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