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Author: Leviathan Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308722  
Subject: Re: Honest Question-Answer IMHO Date: 5/24/2001 3:11 PM
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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
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