Random thought
As I watch the price of gasoline go higher and higher, I keep wondering what sort of strange side effects will result from this situation. I can just see the day coming when some poor Joe doesn’t have the credit rating to buy a house but when the mortgage lenders see that he’s got a full five gallon gas can in the back of his truck they start falling all over themselves trying to loan him money.
I have begun to hear of instances where people will pay off their car, then use it as collateral to open up a mortgage on their house. Anyways, its just crazy that at this point in time we can’t afford to live in our homes, and we can’t afford to drive to work.