The first lady cited in the story is overextended and if I am supposed to feel bad for her, I don't. She took a risk in taking out 1.2 million in mortgages and should reap the profits or losses from said risk.
Then there's these people- "The townhouse they bought 24 years ago was at the center of their plans to fund retirement. Now they may have to dip into their retirement savings to cover the mortgage." Why isn't that mortgage paid off yet? Sounds like they made some bad decisions. And any place bought in Boulder 24 years ago could be sold for at least 3x what was paid.
Edit: these are 2 separate people discussed in the story.
Then there's these people- "The townhouse they bought 24 years ago was at the center of their plans to fund retirement. Now they may have to dip into their retirement savings to cover the mortgage." Why isn't that mortgage paid off yet? Sounds like they made some bad decisions. And any place bought in Boulder 24 years ago could be sold for at least 3x what was paid.
Edit: these are 2 separate people discussed in the story.