I think that the consumer is generally unaware of certain material facts, particularly the tax risk and compensation issues.

Poor is a state of mind. Broke is a state of wallet. You can fix being broke; it's not so easy to fix being poor.

I think that the consumer is generally unaware of certain material facts, particularly the tax risk and compensation issues.

Hope is not a financial plan.

The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. They're not saving money and they're not building equity, which means they could find themselves in a scenario where they owe more money than their house is worth.