A top pick of Fall Parade
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#1 Oct 13, 2006
It started when the Fed lowered rates to 1 percent and the Media began a campaign encouraging everyone to buy the most expensive house they qualified for. They said pay off your credit cards with home equity loans. They said you must rip out your carpet and replace it with hardwood floors, have your kitchen counter tops replaced with granite and buy expensive bathroom fixtures. They said keep getting deeper in debt because your really building real estate wealth. Meanwhile Congress was busy rewriting Bankruptcy laws making it harder to get out of debt. Homeowners who used to think they could always sell their home to get out of debt are now seeing home prices fall and wiping out their equity. Creditors are adding fees, penalties, raising rates to increase loan and credit card payments anyway they can. Local governments keep raising real estate taxes. Now the media is warning Americans they haven't been saving enough. Somehow were supposed to pay off our bills now so we can save for retirement.
#2 Oct 15, 2006
False Christians worship their homes, not their God. Houses have become Idols to worship and sacrafice everything for.
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