Comments | shannont: Isn't it great...

shannont

Isn't it great...

Oct 30, 2008 08:03

...that we live in a country where hard work pays off; where paying bills on time and in full is lauded and rewarded; where making smart and thoughtful financial decisions to live within one's means - sensible car, affordable home, moderation where luxuries are concerned - rather than leaping at "golden opportunities" that are just too good to be ( Read more... )

Comments 4

scrubbo October 30 2008, 19:54:37 UTC

Actually, we DON'T need to stop the foreclosures. We're f'ed anyway, so why reward asshats?

You have no idea how mad I get about this. Alison and I have been unwilling to buy a home where a house we can barely afford with a 20% downpayment is being bid on by people making half of what we do and who have no down payment.

The best part, is we're not getting bupkis, we're getting LESS than bupkis, because WE ARE THE ONES PAYING FOR THOSE A-HOLES TO KEEP THEIR HOUSES!

shannont October 30 2008, 20:01:50 UTC

Actually I have a pretty good idea; I mean, I'm pissed and I HAVE a house. To have to deal with jerks in THIS economic environment while trying to buy a house...that would break my brain.

And the phantom bids are the worst. "Sure, we'll go another twenty thou. What the hell, it's not like we're gonna ever have to really PAY it..."

Augh. There are few things that really raise my blood pressure, but all this rewarding financial asshattery is pissing me off.

scrubbo October 30 2008, 20:12:46 UTC

I've got a cram-down I'd like to give the whole lot. Bankers, politicians, cry-baby mortgage holders, investors, etc ( ... )

trpeal October 31 2008, 01:10:18 UTC

Man, when I was buying my house in 2004, I couldn't believe how much the lender was willing to give me. "Are you nuts?" I thought. "Have you looked at my salary? Do you really think I can make those payments?" Luckily, I had better sense than my mortgage company.

Even luckier, I managed to sell it last July, only six months after moving here to Florida. In good times the Erie real estate market is soft. I can't imagine trying to sell it now.

I'm damn near in the epicenter of foreclosureville, here, and it's really really frightening to see it up close. To drive through modest neighborhoods and see half of all the houses on the street with For Sale signs out, to say nothing of all the empty houses I can walk by as I take the dog out for his constitutional.

I haven't bought here, and I have no intention of doing so any time soon.