All of us who kept up our mortgages can move into the line marked “sap.”
Sap. Just like all the people that came to this country LEGALLY. Maybe ‘chump’ could be a sub-category...
Exactly.
This will piss off alot of non Freddie Fannie borrowers.
That is alot of people.
What about those of us who just took out mortgages that haven’t yet been consumed by Fannie and Freddie? You know... us saps that waited until the obvious bubble burst (I waited for more than 10 years for this to happen). So now I get to pay for everyone else’s mistakes as well as having put my wishes on hold for more than a decade thinking that was the smart and proper way to go about things.
What a rube was I!
Where’s my cheese?!!!
Bingo. Everyone has lost value, whether they are underwater or not. Those who made down payments, took shorter-term mortgages, took normal mortgages, paid off their mortgages more aggressively, or simply refused to play the trade-up game of the Joneses to larger and more expensive homes, in other words the responsible homeowners, get nothing. Others get free cash. That is what this basically is.
What about those who are underwater because they did a cash-out refinancing? Or a greater than 100% loan?
I will say it again. We are watching Atlas Shrugged play out in real-time.
Also: "payor", "donator", "benefactor", "chump", "fool"
“All of us who kept up our mortgages can move into the line marked “sap.”
Then, there are those “saps,” who sacrificed all in order to pay off their mortgages, to only realize a 41% loss of value in their paid off home. All thanks to these corrupt bass turds. May they all rot in hell for the damage they have done to all our futures.
All of us who kept up our mortgages can move into the line marked “sap.”
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Wow! This is really a knife in the back of those who have kept up on their mortgage payments.