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scaredyclassic.
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March 11, 2010 at 6:34 PM #524891March 11, 2010 at 7:23 PM #525456
patientrenter
Participant[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]
Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.
March 11, 2010 at 7:23 PM #524782patientrenter
Participant[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]
Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.
March 11, 2010 at 7:23 PM #525359patientrenter
Participant[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]
Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.
March 11, 2010 at 7:23 PM #524916patientrenter
Participant[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]
Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.
March 11, 2010 at 7:23 PM #525713patientrenter
Participant[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]
Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.
March 11, 2010 at 7:42 PM #524926Anonymous
GuestI never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.March 11, 2010 at 7:42 PM #525723Anonymous
GuestI never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.March 11, 2010 at 7:42 PM #525466Anonymous
GuestI never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.March 11, 2010 at 7:42 PM #525369Anonymous
GuestI never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.March 11, 2010 at 7:42 PM #524792Anonymous
GuestI never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.March 11, 2010 at 8:08 PM #525728patientrenter
Participant[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]
I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.
I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.
March 11, 2010 at 8:08 PM #525471patientrenter
Participant[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]
I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.
I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.
March 11, 2010 at 8:08 PM #525374patientrenter
Participant[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]
I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.
I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.
March 11, 2010 at 8:08 PM #524797patientrenter
Participant[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]
I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.
I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.
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