America's Stupidest Family: Extreme Makeover Failure (ROFL!!)

[Smurfy]

They started a construction bidness.

BAD BAD move
never use your home as collateral for starting a business
never.
dummies
they should have just gotten a job and left it at that

 

[p0ink]

They started a construction bidness.

why would you take out a loan for the ENTIRE worth of your home to start a business...especially in this market? 10, 20, or even $30k i can see...but 450?!

wow, they are far braver (i'm not sure if this is the right word here) than i am.

 

[redguru]

They owned the place free and clear and then used their home as collateral for a risky business venture? Who was their financial adviser? Ken Lay?

Stupid is as stupid does.

 

[Smurfy]

why would you take out a loan for the ENTIRE worth of your home to start a business...especially in this market? 10, 20, or even $30k i can see...but 450?!

wow, they are far braver (i'm not sure if this is the right word here) than i am.

um because greed got the best of them.

 

[redguru]

why would you take out a loan for the ENTIRE worth of your home to start a business...especially in this market? 10, 20, or even $30k i can see...but 450?!

wow, they are far braver (i'm not sure if this is the right word here) than i am.

They needed to put spinners on their Bobcat ditcher.

 

[gettnheavy]

They needed to put spinners on their Bobcat ditcher.

Good one.

 

[velvett]

They started a construction bidness.

The irony.

While it can't apply to all people, I don't think people can understand what it takes to earn the money to purchase something and then the responsibility take care of it versus something just given to them.

I'm not saying helping others is wrong.

Consider the difference of giving a teen an Xbox and a dozen games verse the teen having to earn the money to buy the Xbox and game by working some weekend job at $5-10 a hour.