Interesting WSJ article

[patientlywaiting]

I don’t feel sad for them at all. They are high-carbon footprint parasites.

[DWCAP]

670k in debt-505k morgage= 165k in auto and CC debt
23k CASH
~100k to pay off past CC debt (and fees)

So they doubled their $$, got 265k in stuff or services, and lived there for 13 years. They dont get to keep the house and paid an arm and a leg in interest over the years. Sounds pretty close to “fair” to me.

[DWCAP]

670k in debt-505k morgage= 165k in auto and CC debt
23k CASH
~100k to pay off past CC debt (and fees)

So they doubled their $$, got 265k in stuff or services, and lived there for 13 years. They dont get to keep the house and paid an arm and a leg in interest over the years. Sounds pretty close to “fair” to me.

[DWCAP]

670k in debt-505k morgage= 165k in auto and CC debt
23k CASH
~100k to pay off past CC debt (and fees)

So they doubled their $$, got 265k in stuff or services, and lived there for 13 years. They dont get to keep the house and paid an arm and a leg in interest over the years. Sounds pretty close to “fair” to me.

[DWCAP]

670k in debt-505k morgage= 165k in auto and CC debt
23k CASH
~100k to pay off past CC debt (and fees)

So they doubled their $$, got 265k in stuff or services, and lived there for 13 years. They dont get to keep the house and paid an arm and a leg in interest over the years. Sounds pretty close to “fair” to me.

[DWCAP]

670k in debt-505k morgage= 165k in auto and CC debt
23k CASH
~100k to pay off past CC debt (and fees)

So they doubled their $$, got 265k in stuff or services, and lived there for 13 years. They dont get to keep the house and paid an arm and a leg in interest over the years. Sounds pretty close to “fair” to me.

[kev374]

DWCap, it would be fair if they are going to pay all this back. Obviously they are going to discharge everything in bankruptcy, and of course since the govermnent has been bailing out holders of such high risk debt like Bear Stearns it is ultimately the taxpayers who will pay for these dufuses.

[kev374]

DWCap, it would be fair if they are going to pay all this back. Obviously they are going to discharge everything in bankruptcy, and of course since the govermnent has been bailing out holders of such high risk debt like Bear Stearns it is ultimately the taxpayers who will pay for these dufuses.

[kev374]

DWCap, it would be fair if they are going to pay all this back. Obviously they are going to discharge everything in bankruptcy, and of course since the govermnent has been bailing out holders of such high risk debt like Bear Stearns it is ultimately the taxpayers who will pay for these dufuses.

[kev374]

DWCap, it would be fair if they are going to pay all this back. Obviously they are going to discharge everything in bankruptcy, and of course since the govermnent has been bailing out holders of such high risk debt like Bear Stearns it is ultimately the taxpayers who will pay for these dufuses.

[kev374]

DWCap, it would be fair if they are going to pay all this back. Obviously they are going to discharge everything in bankruptcy, and of course since the govermnent has been bailing out holders of such high risk debt like Bear Stearns it is ultimately the taxpayers who will pay for these dufuses.

[DWCAP]

I was more addressing the last sentence in the article when she complains it is all not fair. I have been seeing that alot more in articles that I read about housing. As if a bank taking a house you stopped paying for months ago is “unfair”.
I totally agree that it isnt fair to society, or to you and me who will get hit by it all. But apperently we cant stop the gov from screwing those that dont spend like they want us to.

[DWCAP]

I was more addressing the last sentence in the article when she complains it is all not fair. I have been seeing that alot more in articles that I read about housing. As if a bank taking a house you stopped paying for months ago is “unfair”.
I totally agree that it isnt fair to society, or to you and me who will get hit by it all. But apperently we cant stop the gov from screwing those that dont spend like they want us to.

[DWCAP]

I was more addressing the last sentence in the article when she complains it is all not fair. I have been seeing that alot more in articles that I read about housing. As if a bank taking a house you stopped paying for months ago is “unfair”.
I totally agree that it isnt fair to society, or to you and me who will get hit by it all. But apperently we cant stop the gov from screwing those that dont spend like they want us to.

[DWCAP]

I was more addressing the last sentence in the article when she complains it is all not fair. I have been seeing that alot more in articles that I read about housing. As if a bank taking a house you stopped paying for months ago is “unfair”.
I totally agree that it isnt fair to society, or to you and me who will get hit by it all. But apperently we cant stop the gov from screwing those that dont spend like they want us to.

[Author]

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