Agreed, but isn’t the whole mortgage thing one major leg of a greater economic scam?
“Agreed, but isn’t the whole mortgage thing one major leg of a greater economic scam?”
To some degree. Fortunately, my business teacher in high-school, Mrs. Bacon (I still love ya, babe), preached Caveat Emptor constantly. Evidently some didn’t or folks ignored it.
Three years ago we had the option to go in like some of these folks did and flat turned it down. I’m of the opinion that most folks who took those loans had the intention of flipping their house for profit in short order and were not concerned with interest and such.
The television shows “Flip this house” and “Flip that house” did NOT help the situation any.