Even Educated, Entitled People Got Stupid Mortgages
This is a gripping, read-through-your-fingers account of one couple's descent into debt and potential foreclosure. You won't necessarily sympathize with writer Edmund L. Andrews, an economics reporter for the New York Times who admits that he should have known better. But he does a great job of conveying the recklessness that led so many people into similar situations, and his description of the panic that follows as he realizes it's all going to come crashing down is so vivid that you will definitely empathize with him. And then you will remind yourself that you don't look at your ATM receipts because you just don't want to know.
This is a blog about a couple going through foreclosure:
http://loveinthetimeofforeclosure.blogspot.com/
Pretty much the same story.
I started to read it a bit but I couldn't get the part about how sexy and "brainy" his fiancee was. The word "brainy" makes me want to shove my head through a wall.
maybe this will cheer you up
http://www.kgw.com/news-local/stories/kgw_052607_news_pig_house.12e66bfa.html
I bet his ex-wife loved reading every word of it.
Wow, it's pretty gutsy to go out there and identify yourself as The Face Of Everything That Went Wrong.
And completely unqualified to cover the economy as a journalist, to boot.
First cancer and now foreclosure? No, *you* have a nice day.
1. But you got a book deal from it. So that should soften the blow somewhat, eh? What about the other suckers who can't write, or don't know a bunch of agents and editors?
2. Your first mistake was to marry a woman taller than you.
I'm sorry. I was napping under a stack of Suze Orman books. What happened?
Who was the New Yorker writer who lost all his money in the dotcom bust and scored a book deal as a result?
David Denby! http://www.amazon.com/American-Sucker-David-Denby/dp/0316192945
That's painful. And illuminating on so many fronts.
HEY EVERYONE ON EARTH: IF IT SEEMS TOO GOOD TO BE TRUE, PROBABLY DON'T DO IT.
If by "empathize" you mean, think, "Gee, here's one of the people who should be dragged out into the streets and beaten with a cement-filled Whiffle-ball bat," then you're totally correct.
So I guess the moral of the story is, if you're going to get yourself in debt, make sure you dig a really deep hole, deep enough to bury yourself, your wife, and your combined kids. Default on your mortgage, hope to God that the bank doesn't come after you, then write a book on the whole thing capitalizing on your stupidity and the stupidity of the American people, thus getting yourself right up out of debt.
The American Way
Assuming your wife will want to work hard to earn money for the family is a mistake many men make.
He lost me when he talked about renting the beach house. But hey, his delusional, spoiled and entitled ass got a book deal so what do I know?