The American Dream of Home Ownership has become a Nightmare (via Foreclosureblues)

The American Dream of Home Ownership has become a Nightmare The American Dream of Home Ownership has become a Nightmare Yesterday, November 06, 2010, 10:45:46 PM | moraloutrage Nothing symbolizes America’s dream more than home ownership. Former President Franklin D. Roosevelt once said that a country of homeowners would be “invincible.” More recently, former President George W. Bush said, “Owning a home lies at the heart of the American dream”. By the 1960s, two-thirds of Americans owned a home. Now, 11 m … Read More

via Foreclosureblues

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Author: timothymccandless

I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked.

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