dave – not successful w/their original plan. No doubt. But in the end, it is working out for them. How does that saying go? Something like God looks out for fools.
No, they were not able to flip for profit. But as a consolation, they have nice cars, vacations, toys and live for free for over a year.
Meanwhile, I’m “smart” so I didn’t buy something I couldn’t afford. I am not living large. I pay my rent.
Who is ahead here?
Yes. I agree it’s by accident. Neverthless, I, as CBad, know a few people living for free, traveling, driving new cars and not suffering from this.
Will these folks not learn and repeat this again? Quite possibly. Certainly moral hazard is out the window and the new black is “bailout.”
