I just want to say thank you to all of you idiots out there that bought more house than you could afford under what used to be normal circumstances, because you were either incapable or unwilling to understand the contracts you were signing. As long as you were getting the dream home for zero down, and a low low introductory rate, LET THE GOOD TIMES ROLL!
Thanks so much for contributing to the rape of our economy, and leaving those of us who did it right, took our time, saved and scrimped for our down payments, paid our bills on time to build our credit, and after 5-10 years bought our first modest homes within our means, in fear of losing everything along with you.
Thanks that your stupidity and greed now means that young people that are starting out and want to do things right to build up cash and credit to buy a house can now look forward to living in a rental instead, because YOU wanted a dream home when all you could afford was an apartment.
AMEN!
My roommate is a Mortgage Broker.I havee expressed interest in buying a home next year and he keeps pushing me to do 100% financing first time buyer BS. I kept telling him I was going to put 20% down and he keeps telling me not to. I tell him I need the mortgage payment down enough where I can pay it and I want to build up equity. He keeps pushing me the other way. I will not go to him when it’s time.
Amen!
No politician or pundit wants to blame the consumers who got us into this mess! A bunch of morons hit the equity lottery once or twice and thought they could keep doing it forever.
Amen fellow Freeper!
The wife and I owned two small houses (relocation) and saved funds/built equity for the “big one” which we built about 2 1/2 yrs ago (bought our first house in ‘98). Not worried about losing it yet but we spent alot of time figuring out how people we knew who made less $$ than we did and lacked any sort of fiscal responsibility purchased houses we were dreaming about at the time. Now we know how that happened. I would really like to give those folks a swift kick in the backside cuz I have lost $50k of equity since purchasing the house in ‘06 thru no fault of my own. I’m guessing you have sentiments that are similar to mine....
One thing that really chaps my hide is when you hear friends and family feeling sorry for folks who purchased a house they had no business buying and then end up losing it. My dad (God rest his soul) drilled into me that once you sign your name to a contract that you are committed and should know what you are signing. These folks who got these exotic mortgages were living in a fantasy world like the liberals do. And they, like the liberals, are leaving the responsible folks to deal with their mess and pick up the tab.
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I just want to say thank you to all of you idiots out there that bought more house than you could afford under what used to be normal circumstances, because you were either incapable or unwilling to understand the contracts you were signing. As long as you were getting the dream home for zero down, and a low low introductory rate, LET THE GOOD TIMES ROLL!
Thanks so much for contributing to the rape of our economy, and leaving those of us who did it right, took our time, saved and scrimped for our down payments, paid our bills on time to build our credit, and after 5-10 years bought our first modest homes within our means, in fear of losing everything along with you.
Thanks that your stupidity and greed now means that young people that are starting out and want to do things right to build up cash and credit to buy a house can now look forward to living in a rental instead, because YOU wanted a dream home when all you could afford was an apartment.”
Me too....may I add...I resent paying for their greed!