My Personal Credit Crisis

[alarmclock]

Without exception, the (male) house fools that I personally know were driven by their wives/gfs to nest in an overpriced house during the boom. I don’t dispute that the men were 50/50 complicit in the decision, but fundamentally the rush to get one before they are all gone was driven by the women (again this is just my personal experience). I am grateful that my stubborness and my wife’s house apathy allowed us to wait, as I probably would have given in just like everyone else.

So the line that stood out for me is this: “Patty discovered a small but stately brick home in a leafy, kid-filled neighborhood in Silver Spring, Md. We sent in an offer of $460,000 and one day later got our answer: the sellers accepted. ”

[svelte]

That story scares the sh*t out of me.

Not because we are in that boat, but because I wonder how many hundreds of thousands are. And how many are one job loss away from getting in that boat themselves.

You know alarmclock, my hair stood up on that same sentence. It was almost like I knew I was going to read it before I read it.

Not that it relieves him from any culpability. Especially not in the field he is in.

[svelte]

That story scares the sh*t out of me.

Not because we are in that boat, but because I wonder how many hundreds of thousands are. And how many are one job loss away from getting in that boat themselves.

You know alarmclock, my hair stood up on that same sentence. It was almost like I knew I was going to read it before I read it.

Not that it relieves him from any culpability. Especially not in the field he is in.

[svelte]

That story scares the sh*t out of me.

Not because we are in that boat, but because I wonder how many hundreds of thousands are. And how many are one job loss away from getting in that boat themselves.

You know alarmclock, my hair stood up on that same sentence. It was almost like I knew I was going to read it before I read it.

Not that it relieves him from any culpability. Especially not in the field he is in.

[svelte]

That story scares the sh*t out of me.

Not because we are in that boat, but because I wonder how many hundreds of thousands are. And how many are one job loss away from getting in that boat themselves.

You know alarmclock, my hair stood up on that same sentence. It was almost like I knew I was going to read it before I read it.

Not that it relieves him from any culpability. Especially not in the field he is in.

[svelte]

That story scares the sh*t out of me.

Not because we are in that boat, but because I wonder how many hundreds of thousands are. And how many are one job loss away from getting in that boat themselves.

You know alarmclock, my hair stood up on that same sentence. It was almost like I knew I was going to read it before I read it.

Not that it relieves him from any culpability. Especially not in the field he is in.

[XBoxBoy]

The last couple of paragraphs are really remarkable. He hasn’t made a payment in eight months on his mortgage and the bank hasn’t even managed to get in contact with him, much less file an NOD, or get anywhere near actually foreclosing. Amazing. Simply amazing. And yet his situation is probably not unique. Wanna bet he manages to stay in that house for two years without paying a dime?

[XBoxBoy]

The last couple of paragraphs are really remarkable. He hasn’t made a payment in eight months on his mortgage and the bank hasn’t even managed to get in contact with him, much less file an NOD, or get anywhere near actually foreclosing. Amazing. Simply amazing. And yet his situation is probably not unique. Wanna bet he manages to stay in that house for two years without paying a dime?

[XBoxBoy]

The last couple of paragraphs are really remarkable. He hasn’t made a payment in eight months on his mortgage and the bank hasn’t even managed to get in contact with him, much less file an NOD, or get anywhere near actually foreclosing. Amazing. Simply amazing. And yet his situation is probably not unique. Wanna bet he manages to stay in that house for two years without paying a dime?

[XBoxBoy]

The last couple of paragraphs are really remarkable. He hasn’t made a payment in eight months on his mortgage and the bank hasn’t even managed to get in contact with him, much less file an NOD, or get anywhere near actually foreclosing. Amazing. Simply amazing. And yet his situation is probably not unique. Wanna bet he manages to stay in that house for two years without paying a dime?

[XBoxBoy]

The last couple of paragraphs are really remarkable. He hasn’t made a payment in eight months on his mortgage and the bank hasn’t even managed to get in contact with him, much less file an NOD, or get anywhere near actually foreclosing. Amazing. Simply amazing. And yet his situation is probably not unique. Wanna bet he manages to stay in that house for two years without paying a dime?

[CA renter]

[quote=alarmclock]Without exception, the (male) house fools that I personally know were driven by their wives/gfs to nest in an overpriced house during the boom. I don’t dispute that the men were 50/50 complicit in the decision, but fundamentally the rush to get one before they are all gone was driven by the women (again this is just my personal experience). I am grateful that my stubborness and my wife’s house apathy allowed us to wait, as I probably would have given in just like everyone else.

So the line that stood out for me is this: “Patty discovered a small but stately brick home in a leafy, kid-filled neighborhood in Silver Spring, Md. We sent in an offer of $460,000 and one day later got our answer: the sellers accepted. ”
[/quote]
——————

Well, now there’s an exception. It was I, the wife who fought everyone (husband, MIL, and other in-laws, etc.) in order to sell-to-rent in 2004. I know of many other women in the same position, some here on this site. On Ben Jones’ site, at least half of the posters are women, and had the same experience I did. It is NOT gender-specific. Perhaps your male friends are too wimpy to admit their part in the purchase, and like to blame it on their wives?

————————–

Anyway, just talked to another person who admitted to not making a mortgage payment since last fall. No foreclosure yet.

Another one told me a few days ago that they hadn’t paid in six months. Still no foreclosure there either.

I’m thinking this is much more common than most people think. Wouldn’t YOU feel stupid if you were making your full, agreed-upon payment when all of your neighbors are getting free rent and then negotiating their principal amounts down?

I’ve never defaulted on anything in my life, have an 800-range FICO score, but with all the talk of “victims” and bailouts going on, even I would be tempted to stop paying a mortgage right now. I’d feel like a chump if paying what we agreed to. Unfortunately, we rent, so we still have to be responsible. We can’t be “victims” if we’re renters.

[CA renter]

[quote=alarmclock]Without exception, the (male) house fools that I personally know were driven by their wives/gfs to nest in an overpriced house during the boom. I don’t dispute that the men were 50/50 complicit in the decision, but fundamentally the rush to get one before they are all gone was driven by the women (again this is just my personal experience). I am grateful that my stubborness and my wife’s house apathy allowed us to wait, as I probably would have given in just like everyone else.

So the line that stood out for me is this: “Patty discovered a small but stately brick home in a leafy, kid-filled neighborhood in Silver Spring, Md. We sent in an offer of $460,000 and one day later got our answer: the sellers accepted. ”
[/quote]
——————

Well, now there’s an exception. It was I, the wife who fought everyone (husband, MIL, and other in-laws, etc.) in order to sell-to-rent in 2004. I know of many other women in the same position, some here on this site. On Ben Jones’ site, at least half of the posters are women, and had the same experience I did. It is NOT gender-specific. Perhaps your male friends are too wimpy to admit their part in the purchase, and like to blame it on their wives?

————————–

Anyway, just talked to another person who admitted to not making a mortgage payment since last fall. No foreclosure yet.

Another one told me a few days ago that they hadn’t paid in six months. Still no foreclosure there either.

I’m thinking this is much more common than most people think. Wouldn’t YOU feel stupid if you were making your full, agreed-upon payment when all of your neighbors are getting free rent and then negotiating their principal amounts down?

I’ve never defaulted on anything in my life, have an 800-range FICO score, but with all the talk of “victims” and bailouts going on, even I would be tempted to stop paying a mortgage right now. I’d feel like a chump if paying what we agreed to. Unfortunately, we rent, so we still have to be responsible. We can’t be “victims” if we’re renters.

[CA renter]

[quote=alarmclock]Without exception, the (male) house fools that I personally know were driven by their wives/gfs to nest in an overpriced house during the boom. I don’t dispute that the men were 50/50 complicit in the decision, but fundamentally the rush to get one before they are all gone was driven by the women (again this is just my personal experience). I am grateful that my stubborness and my wife’s house apathy allowed us to wait, as I probably would have given in just like everyone else.

So the line that stood out for me is this: “Patty discovered a small but stately brick home in a leafy, kid-filled neighborhood in Silver Spring, Md. We sent in an offer of $460,000 and one day later got our answer: the sellers accepted. ”
[/quote]
——————

Well, now there’s an exception. It was I, the wife who fought everyone (husband, MIL, and other in-laws, etc.) in order to sell-to-rent in 2004. I know of many other women in the same position, some here on this site. On Ben Jones’ site, at least half of the posters are women, and had the same experience I did. It is NOT gender-specific. Perhaps your male friends are too wimpy to admit their part in the purchase, and like to blame it on their wives?

————————–

Anyway, just talked to another person who admitted to not making a mortgage payment since last fall. No foreclosure yet.

Another one told me a few days ago that they hadn’t paid in six months. Still no foreclosure there either.

I’m thinking this is much more common than most people think. Wouldn’t YOU feel stupid if you were making your full, agreed-upon payment when all of your neighbors are getting free rent and then negotiating their principal amounts down?

I’ve never defaulted on anything in my life, have an 800-range FICO score, but with all the talk of “victims” and bailouts going on, even I would be tempted to stop paying a mortgage right now. I’d feel like a chump if paying what we agreed to. Unfortunately, we rent, so we still have to be responsible. We can’t be “victims” if we’re renters.

[CA renter]

[quote=alarmclock]Without exception, the (male) house fools that I personally know were driven by their wives/gfs to nest in an overpriced house during the boom. I don’t dispute that the men were 50/50 complicit in the decision, but fundamentally the rush to get one before they are all gone was driven by the women (again this is just my personal experience). I am grateful that my stubborness and my wife’s house apathy allowed us to wait, as I probably would have given in just like everyone else.

So the line that stood out for me is this: “Patty discovered a small but stately brick home in a leafy, kid-filled neighborhood in Silver Spring, Md. We sent in an offer of $460,000 and one day later got our answer: the sellers accepted. ”
[/quote]
——————

Well, now there’s an exception. It was I, the wife who fought everyone (husband, MIL, and other in-laws, etc.) in order to sell-to-rent in 2004. I know of many other women in the same position, some here on this site. On Ben Jones’ site, at least half of the posters are women, and had the same experience I did. It is NOT gender-specific. Perhaps your male friends are too wimpy to admit their part in the purchase, and like to blame it on their wives?

————————–

Anyway, just talked to another person who admitted to not making a mortgage payment since last fall. No foreclosure yet.

Another one told me a few days ago that they hadn’t paid in six months. Still no foreclosure there either.

I’m thinking this is much more common than most people think. Wouldn’t YOU feel stupid if you were making your full, agreed-upon payment when all of your neighbors are getting free rent and then negotiating their principal amounts down?

I’ve never defaulted on anything in my life, have an 800-range FICO score, but with all the talk of “victims” and bailouts going on, even I would be tempted to stop paying a mortgage right now. I’d feel like a chump if paying what we agreed to. Unfortunately, we rent, so we still have to be responsible. We can’t be “victims” if we’re renters.

[Author]

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