I think the whole push by the government to make everyone a home owner is the root of this problem, there are a whole lot of people out there that just can’t handle it.
You got that right. I know of a several couples that went bankrupt. They lost their house, and they now rent houses. Their last priority is paying the rent. A house is an entitlement to some people, and they believe they should have every luxury, screw the rent or mortgage. Going bankrupt will not change their attitude. Incredible.
Yep. And, Bush was just as much a part of this as anyone eles.
Are you familiar with “The American Dream Downpayment Initiative (act) or The American Family Funds Down Payment Assistant Programs”. These programs gave away tax dollars to help make down payments and to pay the closing costs on homes to low income families. We are now having to try to bail them out because we never should have bailed some of them in to home ownership.