Housing crisis does do this much…

… if you put a bunch a people in adjustable rate mortgages,
and a good percentage of them can’t keep up with rising rates,
and lose their homes. Then another percentage, that could barely
keep up with their ARM, until soaring food and gasoline prices
put them under, and they lose their home. A housing "crisis" does
keep a lot of people from owning property. Property is very
important to a freeman. Inflation is the thief of a thrifty middle class.

About Iowa Life

Experiencing life in Iowa.
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