This woman is the poster child for privileged yuppies who gambled with their childrens’ futures and lost, but are unwilling to let go of the gamble to, you know, feed the kids:
When she was laid off in February, Patricia Guerrero was making $70,000 a year. Weeks later, with bills piling up and in need of food for her family, this middle-class mother did something she never thought she would do: She went to a food bank.
Oh, goodness! Why, we’re all just a paycheck away from doomsd- wait, how do you blow through the savings you can earn with a 70K/year job in a month? Oh, right, you keep hoping your house gamble will pay off:
Guerrero is estranged from her husband and raising her two young children. She’s already burned through her savings to help make ends meet, and is drawing unemployment checks. She has had to take extreme measures to pay for her interest-only mortgage of $2,500 a month. In fact, her mother moved in with her to help pay the bills.
This is like the person who complains they’ve done everything to lose weight, and nothing works. Well, you know, everything except diet and exercise. Lady, you have a house. Sell it, and move in with your mom wherever she was before. Or move into the apartment you can afford off your husband’s child support and unemployment. But if you’re hanging on to an interest-only loan, it’s because you think the market is going to turn around any day now and you can flip it for a profit.
But wait, we’re not done with her “extreme measures”:
Guerrero even applied for food stamps, but was denied.
“I never used the system. I’ve been working since I was 15-and-a-half. I needed it now and it turned me down,” she said.
Maybe because they look at your balance sheet and say “Hey, what about this house thing you have listed under ‘assets’? Maybe you could sell that?”
If you made $70,000 a year, and presumably your husband made a little something too, then the idea that you’d gamble your children’s ability to eat on whether you could flip a house you’re not even paying principal on is pretty sickening.
To have burned through her savings in a month means she burned through $2,500 plus utilities and food. But with a $70,000 a year job, she should be bringing home around $4,000 a month. Which meant that despite making $1,500 over her housing cost, she couldn’t salt any of that away. And remember, this is before help from Mom or the soon-to-be ex.
What all that means is that this wasn’t “oh but for getting thrown out of work, there could go you or I,” but it means she had to make poor decisions and keep making them repeatedly to get into the mess she’s in. I feel bad for her kids, but I really can’t feel sorry for her. You made your bed, lady, now try really sacrificing like actual poor people do.
The rest of the article tries to be scary but can muster precisely zero data. All we have is a woman who kept making bad decisions and wants us to bail her out. As someone who didn’t jump on the house bandwagon, I’m pretty pissed off. I’d like to have a house, too. Who’s willing to pay my food bills to make that happen?