FA shouldn't go to people with 1 million dollar houses

[Anonymous]

http://www.tulsaworld.com/news/article.aspx?subjectid=13&articleid=20111207_13_A11_SEATTL314637

Interesting news article. This couple is facing charges for getting public assistance while living in a $1.2 million house and traveling the world. Is it comparable to what this posting suggests? I would say yes.

[Anonymous]

We bought our DC house for $200,000-plus in the late 80's. It's now worth $1 M-plus. The housing boom has put many modest incomes into this house bracket if we were lucky enough to hang on to the property.

[Anonymous]

Okay, but why should you be given aid when you're sitting on $800,000 plus of equity in your home, while we're struggling to pay full tuition and our mortgage on a home worth much less than yours in which we're lucky if we have 20% equity in. I'm assuming that you're much older than we are to have been able to purchase a home in the last 80's. Many of us were't able to buy a home until the early to mid-2000s.