– Guy makes 97k a year
– Guy buys home for $208k
– Withdraws $108k in equity
– Still manages to run up $200k+ in CC debt
I feel sorry for the wife and kids but how exactly are homeowners the poor taken advantage of people in this whole thing?
This is what our society has become…God help us all.[/quote]
I believe he invested in RE that was not selling nor renting. I think something that put him back $400k. It’s just sad people kill themselves and their family because of this… Just let the bank foreclose. It’s not the end of the world.
