[quote=sdrealtor]…When (“these people”) go to rent a house they want something nice and have the income to pay for it. They are not getting handouts.
For these folks it has nothing to do with entitlement. They want a nice place to live and can afford to pay for one. If they made stupid mistakes it was buying into an overpriced market. If you are going to call them that I have no problem there. Just make sure to look in the mirror and call that guy stupid too.[/quote] (clarification added)
Unfortunately, “these people’s” credit SUCKS, regardless of their current income. In addition, most of “these people” have a high consumer debtload and a potential landlord has to ask themselves how they got into that pickle upon analyzing their rental applications.
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LOL, sdr makes it sound as if the typical “pea brain” (his typical “RE client?”) is simply a victim of “millenium-boom” buying. Nothing could be further from the truth. 80% of “these people” are “victims” (lol) of their OWN “cash-out” refi and serial HELOCing, whether or not they were actually “millenium-boom buyers.”
paramount doesn’t need to “look in the mirror.” He states he bought 10 years ago (2002?). He shouldn’t be a likely victim of “these people” but alas . . . he is . . . as are many millions more of homeowners just like him.
