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Home › Forums › Housing › Sooo tired of this: Another Poor Underwater “Homeowner” Article in the UT

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  • December 13, 2009 at 3:00 PM #16802
    Mark Holmes
    Participant

    A NY Times sourced article on the cover of the Sunday Union Tribune, titled “Mortgage Aid Often Just Out of Reach” once again portraying “homeowners” as poor victims of the banks. Yet another in a long line of UT articles trying to pump back up the bubble.

    I mean, come on. Can we just return to reality at last?

    We’re years into the downturn now and people are still trying to deny reality: You paid too much for your house or condo. You owe maybe double what you originally agreed to pay the bank for it. You can move out and let the bank take it back. Or you can continue paying your mortgage until it is paid off. Simple terms.

    Stop expecting someone to come riding to the rescue because of your poor financial decisions. I still am renting because it’s much cheaper to rent than own in San Diego. No one forced any of these people to buy houses at hugely inflated prices. And the more people who do walk away, the quicker prices will drop and the sooner we will have affordable prices again. And then, perhaps, renters like myself will be able to buy again. But this desperate attempt by the mainstream media, the banks and our own government to keep housing at a permanently inflated level is maddening…

    Sorry for the rant, but where and when does this madness end?

    December 13, 2009 at 3:57 PM #493709
    Hobie
    Participant

    November 2010 😉

    December 13, 2009 at 3:57 PM #493868
    Hobie
    Participant

    November 2010 😉

    December 13, 2009 at 3:57 PM #494255
    Hobie
    Participant

    November 2010 😉

    December 13, 2009 at 3:57 PM #494343
    Hobie
    Participant

    November 2010 😉

    December 13, 2009 at 3:57 PM #494583
    Hobie
    Participant

    November 2010 😉

    December 13, 2009 at 4:06 PM #493714
    CA renter
    Participant

    I feel your frustration, Mark. It’s beyond maddening at this point.

    These sob stories are about folks who are almost always victims of their own poor judgement. Not sure why anyone should feel sorry for them. They are lucky to have the option of foreclosure — especially when few lenders are willing/able to come after them for the deficiencies.

    Let’s call foreclosure what it is: a generous gift that enables people to unload their tremendous debt burdens while someone else eats their losses (should be the lenders, not taxpayers, BTW). Exactly why are they complaining????

    December 13, 2009 at 4:06 PM #493873
    CA renter
    Participant

    I feel your frustration, Mark. It’s beyond maddening at this point.

    These sob stories are about folks who are almost always victims of their own poor judgement. Not sure why anyone should feel sorry for them. They are lucky to have the option of foreclosure — especially when few lenders are willing/able to come after them for the deficiencies.

    Let’s call foreclosure what it is: a generous gift that enables people to unload their tremendous debt burdens while someone else eats their losses (should be the lenders, not taxpayers, BTW). Exactly why are they complaining????

    December 13, 2009 at 4:06 PM #494260
    CA renter
    Participant

    I feel your frustration, Mark. It’s beyond maddening at this point.

    These sob stories are about folks who are almost always victims of their own poor judgement. Not sure why anyone should feel sorry for them. They are lucky to have the option of foreclosure — especially when few lenders are willing/able to come after them for the deficiencies.

    Let’s call foreclosure what it is: a generous gift that enables people to unload their tremendous debt burdens while someone else eats their losses (should be the lenders, not taxpayers, BTW). Exactly why are they complaining????

    December 13, 2009 at 4:06 PM #494348
    CA renter
    Participant

    I feel your frustration, Mark. It’s beyond maddening at this point.

    These sob stories are about folks who are almost always victims of their own poor judgement. Not sure why anyone should feel sorry for them. They are lucky to have the option of foreclosure — especially when few lenders are willing/able to come after them for the deficiencies.

    Let’s call foreclosure what it is: a generous gift that enables people to unload their tremendous debt burdens while someone else eats their losses (should be the lenders, not taxpayers, BTW). Exactly why are they complaining????

    December 13, 2009 at 4:06 PM #494588
    CA renter
    Participant

    I feel your frustration, Mark. It’s beyond maddening at this point.

    These sob stories are about folks who are almost always victims of their own poor judgement. Not sure why anyone should feel sorry for them. They are lucky to have the option of foreclosure — especially when few lenders are willing/able to come after them for the deficiencies.

    Let’s call foreclosure what it is: a generous gift that enables people to unload their tremendous debt burdens while someone else eats their losses (should be the lenders, not taxpayers, BTW). Exactly why are they complaining????

    December 13, 2009 at 4:10 PM #493719
    patientrenter
    Participant

    When will this madness end?

    That’s a philosophical question. Will the earth live on after I die? If it ends when I die, then that’s when this madness will end. When the human species dies off, will the same madness live on in another species? Hard to tell.

    You can be guaranteed that the madness that we see today will continue as long as you live, Mark. Is that good enough?

    I too am disgusted at the two-facedness of almost everyone involved. No one was protesting and changing laws when homeowners were reaping huge gains in excess of their loans on the upswing. Are we going back now to claw back all those realized bubble gains on RE sales? It’s total hypocrisy.

    December 13, 2009 at 4:10 PM #493878
    patientrenter
    Participant

    When will this madness end?

    That’s a philosophical question. Will the earth live on after I die? If it ends when I die, then that’s when this madness will end. When the human species dies off, will the same madness live on in another species? Hard to tell.

    You can be guaranteed that the madness that we see today will continue as long as you live, Mark. Is that good enough?

    I too am disgusted at the two-facedness of almost everyone involved. No one was protesting and changing laws when homeowners were reaping huge gains in excess of their loans on the upswing. Are we going back now to claw back all those realized bubble gains on RE sales? It’s total hypocrisy.

    December 13, 2009 at 4:10 PM #494265
    patientrenter
    Participant

    When will this madness end?

    That’s a philosophical question. Will the earth live on after I die? If it ends when I die, then that’s when this madness will end. When the human species dies off, will the same madness live on in another species? Hard to tell.

    You can be guaranteed that the madness that we see today will continue as long as you live, Mark. Is that good enough?

    I too am disgusted at the two-facedness of almost everyone involved. No one was protesting and changing laws when homeowners were reaping huge gains in excess of their loans on the upswing. Are we going back now to claw back all those realized bubble gains on RE sales? It’s total hypocrisy.

    December 13, 2009 at 4:10 PM #494353
    patientrenter
    Participant

    When will this madness end?

    That’s a philosophical question. Will the earth live on after I die? If it ends when I die, then that’s when this madness will end. When the human species dies off, will the same madness live on in another species? Hard to tell.

    You can be guaranteed that the madness that we see today will continue as long as you live, Mark. Is that good enough?

    I too am disgusted at the two-facedness of almost everyone involved. No one was protesting and changing laws when homeowners were reaping huge gains in excess of their loans on the upswing. Are we going back now to claw back all those realized bubble gains on RE sales? It’s total hypocrisy.

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