In today’s Washington Post:
"Let the punishment fit the crime. That is where the passion comes from," said Debi Averett, who launched the blog Housing Doom ( http:/
/ housingdoom.com) after getting priced out of the Phoenix market.
While the interview was more lengthy than this, The Q&A for these points was something like this: [Gotta take notes next time]
Q: What do you think of Paulson’s plan?
A. [In a nutshell] I don’t see foreclosure as a bad thing for borrowers, the plan only provides a psychological boost to the market, it affects too few borrowers to make a difference, it doesn’t address the real problems and takes away necessary consequences.
Q. Why do you think your readers are so passionately against it?
A. They don’t feel responsible people should pay for the mistakes of the irresponsible. They also believe that these borrowers need consequences. They feel that you should let the punishment fit the crime. That is where the passion comes from.
As for my being "priced out" of the Phoenix market- here’s what I think the report would look like if I were asked about breakfast at the airport: [It’s been reported I was "priced out" on other occasions as well.]
Twist: So I’m looking at the muffins at the airport and think, "$4.50 for a muffin? No way I’m paying that! I’ll just have pretzels and juice on the plane."
Reporter’s summary: "A bitter Twist becomes pretzel-eater after being priced out of the muffin market!"
How could I have been "priced out" of the Phoenix housing market? [Was anybody priced out of the market? All you needed was the "right "mortgage broker and a toxic loan.] Let’s get real here. Never mind my finances- I had a pulse! What I WOULD do and what I COULD do though are different things entirely. I’m sticking with pretzels and a rental- and I’m feeling smug about both decisions. : )