Re: housing news

On Feb 13, 2007, at 3:21 PM, Dennis Claxton wrote:

Speaking of housing stories, I read one yesterday of a woman who was taking out a $13,000 car loan to pay her mortgage.

On what kind of car can you get that much money? I know people get talked into things, but you also have to wonder about choices. If you’re buying a $300K or more home, shouldn’t you dial back a little on the car expenses?

Can you get a car loan without buying a car?, was what I wondered. A
$13k car is pretty cheap these days, no?

Doug

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