If we had a country that was financially literate, this election wouldn't even be close.
People with a little money tend to feel entitled to live a high life style. Often this translates into living beyond one’s means.
Which degrees, what majors and which colleges?
Dumbest thing I saw over the years.
It seemed like every damned peer of mine had brand new Mercedes, Lexus, BMW’s, took fantastic vacations and lived in nice homes that were sometimes decorated pretty dang’d well.
I could never figure how they could afford their luxuries since they made less than me.
They never sold much(we are in the profession of sales) and consequently were only making salary which by itself was pretty good but not that good.
Then comes the crisis of 2008 and I learn all these big shots have zero down - no documentation loans and they used their homes as piggy banks, taking 2nd and 3rd loans on their homes.
Unbelievable!
Now they find themselves upside down on their loans and the government comes in to consolidate those outrageously irresponsible decisions on our backs!
I know of people who have had their loans revalued from $6,000 down to a “Manageable” $1,800 in one instance and more than $13,000 to $2,200 a month.
The friend who had their loan reduced to $2,200 actually leaves the air conditioner now, where before they never turned that thing on in the previous years.
Who in “F” pays for this? Taxpayers, that’s who!
sfl