This story by Nancy Trejos from the December 21 business section of The Washington Post definitely got my attention. To my mind, the money quote was from a homeowner who was complaining about his situation, especially about his inability to refinance his second loan on a home that is now worth much less than when he bought it:
It's no fun when your house is upside-down by $80,000. I didn't create it.
Monday, December 29, 2008
Not if Barney Frank has his way....
When Will Homeowners Realize Have Some Responsibility For What's Happening?
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