So I was listening to NPR's Morning Edition on the way to work this morning. They featured a story about the "hardships" facing wealthier folks who are not eligible for the same mortgage rate cuts that those with more modest incomes can have access to.He had to, God forbid, take his children out of private school and put them in horror of horrors...public school. So they had to sacrifice and move to a $475,000 home in the swanky Boston suburb of West Ridge to enjoy the benefits of a good school district. But he was still upset since his home value was above the $417,000 cut-off for lower mortgage rates.
He did not think it was fair that "teachers and others of more modest incomes" have access to lower rates and that he did not despite the fact that he is a hardworking American who pays his taxes.
By this time I had run out of kleenex due to the profusement of tears running down my face. Seriously? Lower class envy?
As a teacher my advice to this struggling fellow American is to buy a house worth only $400,000. Then you can have access to those lower mortgage rates. I'm sure you'll be able to make due in such a modest shack.
You can listen the travails of this poor man HERE...
