Quote Originally Posted by Marigold2 View Post
I guess this means people will just have to stop using their credit cards and really,really think about what they are going to buy and what they can live without. Maybe taking on a second job, even if it's just for 8 hours a week. Many people are already doing this and still having a hard time and I truly feel for them. It's a lesson for us all. Don't sign a contract unless you have a lawyer to look it over, and if you can't afford a lawyer, you can't afford to buy a house.
I agree, until the last sentence. Tanya and I live on CASH. She has two small credit cards and I have two small credit cards. Together they have a limit of about $1500. We NEVER use them.

Sure, our home is humble, but I honestly would not have it any other way. We pay our bills, take care of Hannah, eat well and have a little extra to stick away. Life is good.

As for a lawyer.... Ummmm, we just bought a house without a lawyer. I read the whole thing and understand it. Just under 7% fixed. You don't need a lawyer, you just need to not be stupid.