I know. Sometimes I feel like the world’s biggest sucker.
I worked my way through college and paid the loans off myself. My husband and I just SOCKED away cash for years, saved for a down payment, bought a home, sadly, at the height of that ridiculous housing bubble, and now BOOM, we’re $50K underwater. That’s what we get for saving, playing it safe ... living within our means.
We continue to try to hang on to the house, and I’m very sure we’re not going to retire as well off as we once could have for sure. However, I’ll go to my grave knowing I did the right thing ...did not take out a loan I couldn’t pay back ...did not walk away and let someone else foot the bill.
I’ve learned from this whole thing ...and hopefully my kids will learn from it also. I do feel the good people of this world will eventually win out, but for now, it’s a stinking rotten mess. I also get very disgusted by the people I meet in my daily life who are immigrating here only to get on the dole. The entire world thinks America is their cash cow.
“The entire world thinks America is their cash cow.”
Of course they do. They watch America TV. They see Buffett playing the system and they want some of that.
As if Buffett bank bailouts weren’t enough, Buffet arranges for a decoration from his clown Obama before ordering Obama to kill Keystone and thereby give Buffet’s Burlington Northern railroad a virtual monopoly on transporting oil out of North Dakota with a “Buffet monopoly tax” of at least $3 per barrel tacked on.
I’m probably the same generation as you, and we’re doing better than ever in this economy. You just have to position yourself right.