Some people should never be homeowners!

There are those that have had unfortunate situations in losing their homes: a sudden major illness with huge medical bills, or a loss of a job and I understand these. (With the exception of some of those Countrywide type loan underwriters who I have no sympathy for). Then there are others that should never be homeowners. I mean never!
Case in point: Most “reality shows” are just mindless entertainment though yes I have watched a few. But the one that I always have liked is “Extreme Makeover” home edition not to be confused with “Extreme Makeover” Barbie needs a boob job show.

Today I read an article, however, that one of the homes built in Georgia in 2005 went into foreclosure. Seems the family used the equity to take out a $450,000 loan to start a construction business that failed. If this family was so good in construction why didn’t they build their own damn house? Not to mention their timing. Start a construction business when new construction starts, etc. are drying up?.


(Picture from GuelphMercury.com)

Here’s the article”
http://news.yahoo.com/s/ap/20080728/ap_en_tv/tv_extreme_makeover_foreclosure
Over 1800 volunteers for this house, $450,000 donated in materials and labor to build it and an additional $250,000 in contributions raised for the family including scholarships for the couple’s three children and a home maintenance fund.
And they blew it? I feel bad for the kids when you got stupid parents like this. The house is up for foreclosure sale on Aug. 5th. Buy yourselves a good tent and enjoy living in your car…you don’t deserve this!