Ask Money

Letters: Refinancing an underwater condo

Tess Vigeland and Paddy Hirsch Jun 15, 2012
HTML EMBED:
COPY
While people may have sweet moments with their dad, apparently there's not enough of them, because people spend $5 billion less on their dad on Father's Day than they do for mom on Mother's Day. iStockphoto
Ask Money

Letters: Refinancing an underwater condo

Tess Vigeland and Paddy Hirsch Jun 15, 2012
While people may have sweet moments with their dad, apparently there's not enough of them, because people spend $5 billion less on their dad on Father's Day than they do for mom on Mother's Day. iStockphoto
HTML EMBED:
COPY

Host Tess Vigeland and Sr. Producer Paddy Hirsch do not have children, so they invited David Lazarus of the Los Angeles Times, who is a father, to talk about Father’s Day. He aired his grievances over the huge gulf between how much we spend on mom on Mother’s Day versus we spend on pops for Father’s Day (it’s a $5 billion difference!).

David also helped a listener who wants to remove himself for a mortgage he co-signed with a friend — not because he can’t handle the responsibility, but because he’s getting married and wants to put money towards a home for him and his wife. The friend is on good financial footing and is comfortable with paying the entire monthly mortgage himself. But he’s having trouble getting his name off the mortgage.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.