Industry NewsOpinion

New homeowners commit ‘cashtration’

Perspective: Debt burden too heavy for some to carry
Published on Nov 9, 2004

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by CareyBot

The Washington Post newspaper holds a competition every year in which readers are asked to supply new definitions for dictionary words that have been altered by one letter. Among this year's winners was this gem: "Cashtration (n.): The act of buying a house, which renders the subject financially impotent for an indefinite period."

"Cashtration" is only a wacky made-up word, but it's also a sign of the times and a hint of possible trouble ahead for some homeowners ...

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