cpnews Posted November 12 Report Share Posted November 12 In Mountain House, California, 90% of the homeowners are reported to be underwater. This means that 90% of all Mountain House homeowners owe more money on their mortgage than their homes are actually worth. That's no good. The housing bubble burst has decimated the entire town, and the carnage can be seen in abandoned homes that have been foreclosed on and vacant retail spaces that were once filled with national chain outlets. But despite the financial carnage, the good folks of Mountain House have refused to give up drinking. While purchasing a $24 bottle of petite sirah, Ray Lopez, a database administrator, explains "“My house is underwater, so I’m not doing too much impulse shopping or any renovation. But I’m not cutting back on this. Life is too short." Ray, we are with you 1000%, but might it behoove you to find something a bit less pricey? If you are going bust, you could stretch your booze dollar pretty far if you put your mind to it. We're just saying. [NYT]More... Quote Link to comment Share on other sites More sharing options...
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