The Tour
 71 Gems
 12 Goofs 

 Site Map


Special Report: Credit Cards

Site Search:
Google Custom Search

 B. Franklin,

SmartConsumerTips Logo 
Gems of Consumer Wisdom
Health • Safety • Financial Freedom









  Mistake #11: An Unaffordable Home Purchase  

"Be he a king or a peasant, he is happiest who finds peace at home."~ Johann Wolfgang von Goethe (1749-1832), German Poet and Author

11. Buying a home you can barely afford. Nearly 1.3 million Americans had their homes foreclosed in 2006, at an average loss of $75,000 -- that's about $97 billion dollars down the drain. If foreclosures were to continue at that pace, most of America's 75 million homeowners would go through foreclosure at least once in their lifetime! Lenders too usually lose tens of thousands of dollars when a home is foreclosed. Understand the true costs and benefits of homeowning: Visit Do you need to avoid foreclosure? Read how at:

(Next Gem: Mistake #10: High Credit Card Debts)

 HomeQuick TourThe Tipsheets12 GoofsWeb LogCalendarList of ExpertsSite MapMedia Room
Mission StatementPrivacy PolicyContact InfoDisclaimer and Terms of UseB. Franklin, Printer
© 2007, Consumer Freedom Alliance • 14241 NE Woodinville-Duvall Rd. #182 • Woodinville, WA • 98072-8564
This site best viewed by IE 5.0 or above, or Firefox 5.0 or above. • A C.O.P.P.A. compliant site.