“I am not asking for anything from the Gov’t. I am willing to take my lumps on my credit.
I didn’t cause this problem (by taking out a bad loan), but I am suffering for it because my neighbors did.”
No, you’re suffering because YOU, yourself made a bad choice. Don’t blame it on other people. You didn’t have to sign on the dotted line. You have a brain just like everyone else. You bought in an overinflated market, you should have known the risk. You should have used your own intellect in determining if that piece of property you bought was really worth 1 mil. Just because your neighbors bought their unit for 900k doesn’t mean your unit was worth 1 mil. If someone told you to jump off a cliff and you won’t get hurt, are you gonna do it?
These kind of attitudes are why the government is considering a bail-out, and it’s not fair to those of us who chose to act judiciously during crazy times. So, the government bails you out and guess who loses? I do.
P.S. I have nothing against you and I hope you can do whatever you can to minimize the pain. Hopefully these people on here can give you some good suggestions, but NO goverment bail-out, please.
