I couldn’t agree more. It makes me so angry to see people be able to get out of their obligations so easily. When I graduated from college, I bought a house within my means and have made every payment on time. When the rates fell a few years ago, I refinanced into a lower, fixed rate. Meanwhile, my contemporaries were buying beyond their means and betting on their rising income. Now they’re getting their rates reduced to levels below mine. How is that fair? I’m the sucker. I should’ve done the same and I too could get a free ride.
