Wednesday, July 30, 2008

Greed is a very bad thing



A home in Louisiana is now facing foreclosure. There's an interesting twist here though; this home was built in 2005 for local heroes during a taping of Extreme Makeover! The $450,000 cost of the home was absorbed by the show and partners, as it commonly is. Additionally, $250,000 was raised for the family for home maintenance and scholarships for their children. Then, something went horribly wrong (i.e. the family made a bad decision). They started up a construction business and used the new home as collateral for a $450,000 bank loan. Guess what happened? You can read more about it here. Needless to say, many people who worked very hard on that home and put their blood, sweat and tears into it (out of love) are NOT impressed with this. Neither am I.

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