I’m a Realtor within the Florida Keys and have been right here for 20 years. So your daddy, like so many different individuals his age, believed what he wanted to consider. He took on an increasing number of debt, spent more and more of his “trapped” fairness, and believed, as a result of it felt so good to do so, that there could be no penalties of the adverse type as a result of, in any case, everyone was doing it. And how else may he “keep up with the Joneses”? And now that the world your daddy helped to create is crumbling, Congress and the Fed and all the other spineless males who’ve their thumbs so deep within the pie that it’s coming out their ears have additional impoverished this country in a useless try to artificially prop up house costs, bail out the failed monetary institutions that, to a great extent, enabled this drawback and principally to maintain the monetary orgy going just a little bit longer as a result of your daddy can be damned if he has to actually save for what he needs, and needs now.
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