Wow, I’m shocked at the I’m such a victim thread here by paramount. What goes up must come down. Who told you everything always goes up and never comes down and why did you believe them? There have ALWAYS been crooks and criminals.
If you willingly paid for your home because at the time you thought it was worth it, what makes you the victim? Like others have said, no one held a gun to your head. Now if you didn’t think assets can depreciate than you are naive and this was a good lesson. I’m so sick of people blaming other people for their actions. I don’t blame anyone but myself for the fact that my 401k has lost 40% of its value. I knew the market was softening but I didn’t move out of the funds I held into a money market. I have lots of excuses but really it boils down to the fact that I was lazy and stupid.
Should I go sue my car maker or consider them crooks because now I own a car that is worth less, but at the time I was more than happy to pay for it? Oh wait, people “expect” cars to depreciate, why would you think your home shouldn’t? Should a SUV owner sue the car manufacturer because gas prices shot up last year and devalued SUVs more than typical?
I’m sorry, but people, take ownership for your life. Stop blaming others. If you are caught in this mess, accept it. Others are too, but you “chose” to do what you did. Accept it and look within yourself as to what you have learned. Its your life, the government is here to govern, not make sure your life doesn’t suffer. If you don’t like this country and our government for its flaws (crooks, idiots included), I suggest you move to a communist country or one run by a dictator. Life isn’t fair, grow up.
Paramount, you sound like a typical whiny entitled American and that is not a flattering image to uphold. We all have misfortune, make mistakes, suffer losses. But we don’t all blame others because we make choices that didn’t work out. And like others have said, your choice hasn’t “not” worked out, you still have a roof over your head and house that you enjoy and you haven’t lost anything until you sell. You’re counting your losses before they are realized losses. That would be like people who counted their equity during the runup as wealth, before they sold, withdrew it, spent it, and now blame others because they owe more than their house is worth. Maybe if you lived on the street in cold rain night after night it would make you stop being so whiny.
