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Wow

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June 01, 2010 – Comments (1)

Well this is a nice way to start off the blogging month:

http://www.cnbc.com/id/37446571/

All I can say is wow.  I mean I guess I can sypmathize with homeowners a little bit given current economic conditions, but then I read this:

"Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino."

and this:

“I stopped paying in August 2008,” said Mr. Tsiogas, who is in foreclosure on his house and two rental properties. “I told the lady at the bank, ‘I can’t afford $2,500. I can only afford $1,300.’ ”

Jeez man...

1 Comments – Post Your Own

#1) On June 01, 2010 at 1:42 PM, SultanOfSwing (99.10) wrote:

"Foreclosure has allowed them to ... Visit the Hard Rock Casino."

Hmm.  Makes one wonder what was the cause and what was the effect.

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