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Old 06-22-2005, 07:12 PM   #12 (permalink)
Gilda
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Location: Out on a wire.
When you buy a house, you are in debt for the amount financed. The same with a car. A middle class worker could quite easily have an unpaid balance of $208,000. It's difficult to say from the story whether this was a so-to-speak legitimate case of financing with the intent to pay, or an attempt at theft. I'm leaning toward the former, as the bulk of the debt must be in the house, which is not exactly a liquid or portable asset. They were both out of line, but I still see the kid as being more so.
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