No. of Recommendations: 0
In your holy opinion is this person "ready" for a home? I mean, they have a poor payment record, bad credit, etc... If they come to this board they are obviously looking for a way OUT OF debt but a house payment is a sure way to be locked INTO debt, and they have a poor history with handling this said debt. Now, I know we are making "jugements" about other people's situation if we type that they are not ready, so I know IT IS better to just give them advice about credit reports and mortgages and send them on their way. But, does anyone else just have the urge to "get serious" with some of these people and ask them if they are in a financially responsible position to be taking on this new burden? Or am I just a judgemental meanie?

FWIW, I don't think this person is ready for a home. I think it's a good idea for a person to have a sizeable down payment before moving into a home. For just about everyone, building up that down payment means being and staying out of debt.

Leviathan
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement