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Originally posted by ldyserenity
I was watching this video on this thread yesterday, and my daughter who was waiting to use the computer said "mom, that's so sad" Then She asked "That is going to be how we end up?" I was like no we are ok, we have our home paid off we have just the land rent, We live in a trailer which is well within our means, But these people could live in trailers as well, if they would live within their means! I am not putting them down, but I have seen these trailers sell for as low as $5,000 and our lot rent is $330 a month which is comparably low. Most sellers will finance, too. So I feel for these people, but they seem to not make any concessions. Oh and we're a family of five living in a two bedroom trailer doublewide. We bought it for $10,000 four years ago. We financed it and paid it off in less than a year.
But this video scared the heck out of my daughter.