LifeHelp:
Home
The Tour
71 Gems
12 Goofs
Calendar
Experts
Tipsheets
Updates

SiteHelp:
Contact
Media
Mission
Privacy
Site Map
Terms
Free
Content

Site Search:

Custom
Search

Kudos:
Awards
Credits
B. Franklin,
Printer

Gems of Consumer Wisdom
Health • Safety • Financial Freedom

Our
Other
Sites:

Auto
Safety

Smart
Consumer
Tips

Consumer
Freedom
Alliance

Consumer
Ace
Awards

Conserve
Energy

Hero
Vote

True
Home
Costs

Mistake #11: An Unaffordable Home Purchase

"Be he a king or a peasant, he is happiest who finds peace at home."

~ Johann Wolfgang von Goethe (1749-1832), German Poet and Author

11. Buying a home you can barely afford. Nearly 1.3 million Americans had their homes foreclosed in 2006, at an average loss of $75,000 -- that's about $97 billion dollars down the drain. If foreclosures were to continue at that pace, most of America's 75 million homeowners would go through foreclosure at least once in their lifetime! Lenders too usually lose tens of thousands of dollars when a home is foreclosed. Understand the true costs and benefits of homeowning: Visit http://www.truehomecost.com. Do you need to avoid foreclosure? Read how at: http://www.hud.gov/offices/hsg/sfh/econ/econ.cfm.

(Next Gem: Mistake #10: High Credit Card Debts)

Home • Quick Tour • The Tipsheets • 12 Goofs • Web Log • Calendar • List of Experts • Site Map • Media Room
Mission Statement • Privacy Policy • Contact Info • Disclaimer and Terms of Use • B. Franklin, Printer
© 2007, Consumer Freedom Alliance • 14241 NE Woodinville-Duvall Rd. #182 • Woodinville, WA • 98072-8564
This site best viewed by IE 5.0 or above, or Firefox 5.0 or above. • A C.O.P.P.A. compliant site.