Good point from scaredycat. On a similar note, I for one would much rather be the guy (actually, I am the guy) in the house that he can afford as opposed to the guy next door who is sweating his payments and badly needs a so-called “bailout”. It’s not even a close call as to who I would rather be.
And what is better for me, I ask? Is is better to have my neighbor and his family stay in the home pursuant to a mod, or would I rather he go into foreclosure with the house ultimately sitting empty and waiting to become an REO fire sale comp-killer. Again, not really a close call as to which is better for me.
To echo scaredycat – life ain’t fair, and complaining about life not being fair ain’t going to make it fair, and there you have it.
