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[Gene GeRue <genegerue AT ruralize.com>]

> tvoivohd---nope, it was a bargain I could not resist

Most home purchases today are seen as investments. Many feel today's 
prices, in a rising market, are bargains they cannot resist. Time will tell 
if they were right or wrong.

>  The fact that it is currently possible to buy a house with payments 
> fifty or sixty percent of the buyer's monthly income, doesn't mean it is 
> intelligent to do so.  The odds of the buyer losing his job are a lot 
> more likely than keeping it long enough to accumulate any equity.  All he 
> can realistically look forwart to is foreclosure and destruction of credit

An individual with a top FICO score has proven that he knows how to handle 
money. That's not to say he can't make a mistake. How many wildly 
successful business people have been bankrupt? Many. More than once? Many.