Many Americans Were Living Beyond Their Means When They Purchased Homes
Most Americans aspire to own their homes.
"And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, or 'we'll give you 100 percent mortgage,' you're going to do it," billionaire investment guru Warren Buffet said on "The Charlie Rose Show" recently.
More Americans than ever have become first-time homeowners in the last decade. It's become increasingly clear, however, that many of them couldn't keep up with home payments. And they are now facing... Full Story
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