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It’s All Relative

A friend wanted to fume with me yesterday about former Countrywide Mortgage mucky-mucks repurchasing the type of toxic loans they sold, where they will be stand to make substantial profits.

“We should buy these types of loans!”, she said.  “We can make a fortune too.”

I confided that I don’t have the funds right now to get my son a haircut, so I am in no position to invest in any money-making schemes.

I told her the situation reminded me of a time many years ago when my Dad remarked to my youngest brother that he had bought his house for $19,000.  For that price, my brother Bryan wanted to know, why hadn’t my father bought all the houses on the block?

My father laughed and said he was earning $99 a week at the time he bought the house, and was barely getting by with a wife and two kids to support.  Even if he had known that he could make hundreds of thousands of dollars in profits three decades later, my father couldn’t do a thing with that knowledge.

Dad remarked on more than one occasion that making money was “all relative, and unfortunately, I don’t have any rich ones.”

Comments

( 2 comments — Leave a comment )
(Anonymous)
Mar. 5th, 2009 02:12 pm (UTC)
Funny, we must be related because none of my relatives are rich, either!

Hang in there. Even Terrell Owens is unemployed today. Talk about your injustice [not].
real_lawyer
Mar. 5th, 2009 07:25 pm (UTC)
I am just keeping my fingers crossed that TO does not become a Jet!
( 2 comments — Leave a comment )

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