From the San Diego Union Tribune: Over-indebted to credit.
Matt Sauer, a young, single mortgage broker, planned to get rich quick after graduating from college. By age 28, he owned properties in Pacific Beach, Las Vegas and Florida.
Today, the houses are underwater – meaning mortgage debt exceeds market value – and Sauer's dreams of quitting his job to become a Christian missionary are on hold because of his financial obligations.
“Like the Bible says: 'The borrower is the servant to the lender,' ” Sauer said. “I am enslaved.”
Looks like the missionary position is over. It's time for doggie-style!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment