"Taking control of their lives"
That's what the REIC and MSM would have you believe. I'd say "destroying their financial futures", "listening to some really bad advice" or "doing the exact wrong thing at the exact wrong time".
Get ready Americans for a bailout of historic proportions as single women and single mothers lose everything, as many of these girls lose their jobs as well as their houses (being that a lot of them are REIC themselves).
Sarah Van Elderen, 24, bought a one-bedroom condominium in Grand Rapids, Mich., earlier this year, just 18 months after receiving a marketing degree from Grand Valley State University.
She was attracted to the safe neighborhood -- a short trip from downtown and her family -- and the amenities, including a pool, hot tub, and clubhouse. But mostly, it was about money.
"The biggest thing for me was spending all that money on rent and at the end of the lease walking away with nothing," says Van Elderen, who shared a rental with a roommate for a year after college before moving back home for a few months.
Van Elderen is part of a record wave of single women buying homes -- 1.76 million in the period from July 2005 to June 2006, comprising 22 percent of the market, according to a study released last month by the National Association of Realtors. That's up from 14 percent a decade ago.
December 09, 2006
Posted by blogger at 12/09/2006