Funny image taken from public domain. Rest of the story in letter.
Not that funny when you pause to think about it.
It's downright scary if you consider the reality of the massive debt held by this (one) country.
"Please Mr. China,
Don't foreclose on us. This (debt) is our only home, and we have no where else to go. We didn't mean to get so far in over our heads.
What was I to say when you allowed us such generous amounts of credit? Do you think anyone could pass it up? We love the goods you let us purchase on "terms"- at least we still love the stuff that still works. What about all of the good times we had?
I'd like to sell (unload) my home, but it seems we may owe more on it than it's actual value. Will you consider a modification in terms? Will you consider taking less than what I agreed to pay you (a short sale)? Please don't call in the debt. Please let us slide on the balance? It's not all my fault.
Sam"
Hope everyone takes a few seconds to think about how they manage debt (reduce or eliminate all together) in their own personal lives.
Less debt = better living imo.........
Buying real estate (homes for sale, land for sale) is still one of the best and safest places to take on debt. The cost for mortgage money is still historically low, and in most markets, the dollar buys more today than it has in several years.
If you are thinking of buying or selling a home in Silver City New Mexico (Mimbres, Pinos Altos, Hurley, Bayard, Gila, Cliff, Gila Hot Springs, Lake Roberts, Santa Clara, Arenas Valley, Animas, Glenwood, Columbus, Deming, Lordsburg,Tyrone), PLEASE VISIT my website for more information on Buying a Home or Selling Your Home in the current market.
The Free MLS Search was the first local site for Silver City Real Estate listings showing ALL property types - and today is still considered the PREMIER REAL ESTATE SEARCH ENGINE and SILVER CITY REAL ESTATE WEB PORTAL.
Always free - No registration - Updates to data every 24 hours means data is never stale or outdated...
~archer
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