Here’s an interesting article about lease-to-own plans, which are becoming more popular in the currently down US real estate market. The article is fairly well-rounded with both advantages and disadvantages listed.
Archive for March, 2008
Lease-to-own
Monday, March 10th, 2008Why so little financial education in SU schools?
Sunday, March 9th, 2008This article makes a very interesting (to me anyway) digression from it’s look at mortgages and foreclosures around Pittsburgh:
“The everyday working guy is not educated on this type of situation,” said Pauline Skeriotis, who was among a group of about 10 local Acorn clients who recently shared stories about their troubles. “You think you are educated and you’re really not.”
Why aren’t we edcating our people? I remember sitting in math class bored out of my mind and arguing with the teacher when they said we would need to know the crap they were teaching later on in life.
I was right and the teachers proably knew it. It doesn’t have to be this way for future generations though. Call it math and financial awareness. Include stuff like mortgages, interest rates, extra fees, etc. Why not?