Goin' Mobile.(News)

Byline: Steve Thompson

READING ABOUT MORTGAGE foreclosures and the bursting of the home-price bubble, I find myself thinking about how much expectations have changed in my 60-year lifetime. It's hardly surprising that so many people who can't afford to buy a house extended themselves too far financially when they were offered loans. As the signs used to say, "Why rent when you can buy?

The trouble is, just as when you buy a car with a bank loan, you don't actually own the item until the loan is paid off. If your car or your house is suddenly worth less than your loan because the market crashed, well, sorry. Them's the breaks, as my father used to say.

My father grew up in the Depression, without a father in his life, which was tough. The lessons he learned from true hardscrabble living were imparted to me, often by example. For instance, when my father was flying B-47s for the Strategic Air Command in the 1950s, there wasn't enough housing, even for a bomber pilot's family, at several of the bases at which he was stationed. So we lived for several ...