Today, while looking for apartments online and needing a break, I decided to put my income and savings into a mortgage calculator to see how much house I could afford. The calculator said I could afford a half-million dollar house. Then I checked another calculator. Same thing.
This is INSANE. No wonder we are in a financial crisis, driven in part by the housing market. Forget for a minute the fact that my income could not support a house anywhere near that expensive. There are other intangible factors we need to think about. For one, there should be some rule that if you eat cereal for dinner more than 2 times per week, they won't give you a loan for a bicycle, much less a house. Or the fact that I have a ton of apartments to look at tomorrow, so I should not be up writing on my blog.
If I were me, I wouldn't lend myself $50 bucks. Wait, I am me. What? Cogito, ergo sum. Actually, all you really need is sum. But that's for another day.
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