New York Times economic reporter defaults on mortgage | The Frugalista

New York Times economic reporter defaults on mortgage

by frugalista on May 18, 2009

Edmund L. Andrews, the top economic reporter for "America's paper"  faced foreclosure from buying too much house. Gracious! I enjoyed reading his magazine article for the New York Times about the emotional decision making that made him want to buy a half-million dollar home despite having less than $3,000 per month of income after paying child support.

He's laden with bills. However, he has a book deal now from his experience. Perhap's he'll be all right, after all?

Do you feel bad for Mr. Andrews? Do you sympathize? What do you think about people who are facing foreclosure from taking shady loans? Does love make smart people make bad decisions?

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