The hidden-mortgage epidemic

Buying a house? If so, you’ll want to watch out for hidden expenses — expenses you may be unaware of until it’s too late. Expenses like closing costs, home inspections, and yes, even a mortgage! Apparently Americans are so ignorant of the home-buying process that the editors on the Yahoo! front page have to explain that buying a home might entail hidden costs, and one of those is a secret, hidden, unknown-to-you-morons mortgage:

Or maybe the geniuses at yahoo.com just accidentally put the word other in that sentence, not realizing it meant that a big mortgage is a hidden expense.

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