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Commercial – home ownership

May 14, 2011

Watching the tube when a commercial narrated by Ed Harris came on promoting home ownership and how buying a home creates jobs.
Ummm, no. Borrowing well beyond your means to buy an overpriced, WELL overprice house is a job destroyer.
The commercial is all about “responsible home financing” which is euphemism for let’s get the loans flowing so the poor and unemployed can leverage their future on a dilapidated ranch in somewhere in East setauket.
Fuck. Borrow to start a business. Borrow to go to college. Anything is better than borrowing to buy a slab of dirt which produces nothing except interest for the bank.

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