Does anyone read the New York Times? Does anyone take mortgage advice from the articles in that paper? Well if you do then you might want to switch to a new paper. Thanks to the Colbert Report I now know who Edmund L. Andrews is. He is a journalist for the Times who specializes in mortgage advice and he is in HUGE debt! Turns out he signed for a $400,000 house that he couldn't afford. He then goes as far as to say that love had a lot to do with it and that he was so caught up in starting a new life with his wife and getting that perfect house to start that life in that money wasn't an obstacle for him. He says it was too easy for him to get that loan and that he couldn't have gotten a lot more. His broker told him not to settle for $400k because he could afford it. Maybe his broker should write an article in the Times on how to trick some idiot into getting a huge loan he can't afford so you can make money off of him. I might subscribe to that. I mean I thought this guy wrote advise on mortgages for people so they WOULDN'T get into this kind of situation? I mean should people not rely on the stock tips because there's a good chance they are written by a guy who's really lost tons of money in the market? Dude, learn how not to get into a variable rate mortgage with a payment that you can only afford if nothing bad EVER happens in the market. I think when I'm done writing this I'm gonna forward my made up resume to the New York Times and see if they'll hire me to write advice articles on how to land a space ship with your eyes closed and one hand behind your back...it's not like they'll check my sources.
thanks for reading.
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