My Personal Credit Crisis

[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]
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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.

[BKlawyer]

You guys don’t know the half of it. I’m seeing MANY clients who were pulling in a whole lot more than the writer of the article. We’re in the first inning of a 9 inning game unless the Govt. pulls some nonsense which I think will happen. However, Mr. Market gets to decide how it comes out.

[BKlawyer]

You guys don’t know the half of it. I’m seeing MANY clients who were pulling in a whole lot more than the writer of the article. We’re in the first inning of a 9 inning game unless the Govt. pulls some nonsense which I think will happen. However, Mr. Market gets to decide how it comes out.

[BKlawyer]

You guys don’t know the half of it. I’m seeing MANY clients who were pulling in a whole lot more than the writer of the article. We’re in the first inning of a 9 inning game unless the Govt. pulls some nonsense which I think will happen. However, Mr. Market gets to decide how it comes out.

[BKlawyer]

You guys don’t know the half of it. I’m seeing MANY clients who were pulling in a whole lot more than the writer of the article. We’re in the first inning of a 9 inning game unless the Govt. pulls some nonsense which I think will happen. However, Mr. Market gets to decide how it comes out.

[BKlawyer]

You guys don’t know the half of it. I’m seeing MANY clients who were pulling in a whole lot more than the writer of the article. We’re in the first inning of a 9 inning game unless the Govt. pulls some nonsense which I think will happen. However, Mr. Market gets to decide how it comes out.

[UCGal]

He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[UCGal]

He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[UCGal]

He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[UCGal]

He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[UCGal]

He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[Allan from Fallbrook]

[quote=UCGal]He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[/quote]

UCGal: Don’t you think this entire country has been seized by “magical” thinking and for a while now? We were all going to get rich on the internet during the dot.bomb era. Then our houses were going to appreciate ad infinitum and provide limitless supplies of money.

Then, when the feces hit the rotary oscillator, Obama and the gubment were going to save us and hit the “reset” button. You know, the one that magically would preserve our standard of living, keep housing values inflated, and keep the money spigot flowing.

Granted, this author certainly should have known better, but, in truth, the average American consumer has been fed so much BS for so long, we’re no longer able to discern any sort of objective reality.

[Allan from Fallbrook]

[quote=UCGal]He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[/quote]

UCGal: Don’t you think this entire country has been seized by “magical” thinking and for a while now? We were all going to get rich on the internet during the dot.bomb era. Then our houses were going to appreciate ad infinitum and provide limitless supplies of money.

Then, when the feces hit the rotary oscillator, Obama and the gubment were going to save us and hit the “reset” button. You know, the one that magically would preserve our standard of living, keep housing values inflated, and keep the money spigot flowing.

Granted, this author certainly should have known better, but, in truth, the average American consumer has been fed so much BS for so long, we’re no longer able to discern any sort of objective reality.

[Allan from Fallbrook]

[quote=UCGal]He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[/quote]

UCGal: Don’t you think this entire country has been seized by “magical” thinking and for a while now? We were all going to get rich on the internet during the dot.bomb era. Then our houses were going to appreciate ad infinitum and provide limitless supplies of money.

Then, when the feces hit the rotary oscillator, Obama and the gubment were going to save us and hit the “reset” button. You know, the one that magically would preserve our standard of living, keep housing values inflated, and keep the money spigot flowing.

Granted, this author certainly should have known better, but, in truth, the average American consumer has been fed so much BS for so long, we’re no longer able to discern any sort of objective reality.

[Allan from Fallbrook]

[quote=UCGal]He drank the kool-ade. He should have known better. I have some emotional sympathy, but no rational sympathy. (Not sure if that makes sense to you all, but it does to me.)

Having read the article – I was struck by how much the wife expected him to somehow magically make it all better. As a wife, I don’t get that attitude… How could she have abdicated her part in the financial mess?

[/quote]

UCGal: Don’t you think this entire country has been seized by “magical” thinking and for a while now? We were all going to get rich on the internet during the dot.bomb era. Then our houses were going to appreciate ad infinitum and provide limitless supplies of money.

Then, when the feces hit the rotary oscillator, Obama and the gubment were going to save us and hit the “reset” button. You know, the one that magically would preserve our standard of living, keep housing values inflated, and keep the money spigot flowing.

Granted, this author certainly should have known better, but, in truth, the average American consumer has been fed so much BS for so long, we’re no longer able to discern any sort of objective reality.

[Author]

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