Scarlet – yes. The guy making 900 a week that signed papers saying he made 4xs as much bought his nice house in San Clemente for 580k. Went up to 640k. I just couldn’t feel sorry for the guy.
I mean, this is finance 101. We can’t force them to be smart or take classes, but damn it, I’m not going to feel sorry for them getting in over their head.
I honestly don’t know what happened in the past several years that made banks give money away to whoever had a pulse and people think they can live in half million+ dollar houses when they don’t even come close to in the real world afford it.
Don’t get me started. All these folks should’ve been renting until they could afford to buy. But I guess there’s a stigma about renting. God forbid you do it right instead of lying and cheating your way into a house.
Sympathy for their stupidity and greed. Not a chance.
However, don’t go off on Obama. W. left after giving the banks a boat load of cash and a tap on the shoulder. It all sucks!
