[quote=davelj]
Really? You wish you were in the same situation as all of these morons? I have a feeling most of them would trade places with you now that they see the mess they’ve created for themselves. Anyhow, there’s still time for you to put yourself in something resembling their shoes… why not just overpay for a place right now? What’s stopping you?[/quote]
What mess have they created for themselves? They bought a McMansion w/no income verification w/zero down and/or took out HELOCs and went on a spending spree buying toys or traveling all the while living in nice houses. Then when they couldn’t flip, they stopped paying and have been living for free for over a year while still spending and going out to dinner and whatever else.
In the end, they will either get a loan mod, short sale w/no financial reprecussion, or foreclosure. They will have bad credit for a couple of years. Big deal.
The mess has been left for the taxpayers to clean up, which includes homeowners, but the renters are getting absolutely no benefit from it and to add insult to injury, paying for it.
Yeah. The only thing that’s stopping me from doing it now is you actually have to qualify to buy that McMansion.
