The new smart financial move is walking away

[scaredyclassic]

wait, i got the schrute quote wrong:

I never smile if I can help it. Showing one’s teeth is a submission signal in primates. When someone smiles at me, all I see is a chimpanzee begging for its life.

[briansd1]

[quote=SD Realtor]Do they regret not buying? No they do not. Are they frustrated and pissed off? Yes they are. Are the laughing like you posted? No not really, they are not.[/quote]

I’m part of that group. I’m kinda pissed off that the banks got bailed out. But I think that the bailout was necessary.

So I just take it in stride for I believe that the bailout didn’t do anything but spread out the correction over a longer time frame to soften the blow (so the excesses can be paid off over more years, by more taxpayers and over several generations).

[briansd1]

[quote=SD Realtor]Do they regret not buying? No they do not. Are they frustrated and pissed off? Yes they are. Are the laughing like you posted? No not really, they are not.[/quote]

I’m part of that group. I’m kinda pissed off that the banks got bailed out. But I think that the bailout was necessary.

So I just take it in stride for I believe that the bailout didn’t do anything but spread out the correction over a longer time frame to soften the blow (so the excesses can be paid off over more years, by more taxpayers and over several generations).

[briansd1]

[quote=SD Realtor]Do they regret not buying? No they do not. Are they frustrated and pissed off? Yes they are. Are the laughing like you posted? No not really, they are not.[/quote]

I’m part of that group. I’m kinda pissed off that the banks got bailed out. But I think that the bailout was necessary.

So I just take it in stride for I believe that the bailout didn’t do anything but spread out the correction over a longer time frame to soften the blow (so the excesses can be paid off over more years, by more taxpayers and over several generations).

[briansd1]

[quote=SD Realtor]Do they regret not buying? No they do not. Are they frustrated and pissed off? Yes they are. Are the laughing like you posted? No not really, they are not.[/quote]

I’m part of that group. I’m kinda pissed off that the banks got bailed out. But I think that the bailout was necessary.

So I just take it in stride for I believe that the bailout didn’t do anything but spread out the correction over a longer time frame to soften the blow (so the excesses can be paid off over more years, by more taxpayers and over several generations).

[briansd1]

[quote=SD Realtor]Do they regret not buying? No they do not. Are they frustrated and pissed off? Yes they are. Are the laughing like you posted? No not really, they are not.[/quote]

I’m part of that group. I’m kinda pissed off that the banks got bailed out. But I think that the bailout was necessary.

So I just take it in stride for I believe that the bailout didn’t do anything but spread out the correction over a longer time frame to soften the blow (so the excesses can be paid off over more years, by more taxpayers and over several generations).

[briansd1]

[quote=sdrealtor]Brian
I’ll take that as affirmation that you have never owned a home and are making this all up as you go along. When I was younger, I was much smarter also. At least I thought so.[/quote]

I don’t want to make this about me.

But if you’re going to judge people’s ability by what they owned or bought, you should start with Ben Bernanke.

Bernanke was a professor and he never managed any of the banks he saved and regulates. He didn’t own the exotic investments that amplified the financial crisis.

Does Bernanke know some things about financial markets? Or is he clueless?

Perhaps with Bernanke at the helm we’re all doomed.

[briansd1]

[quote=sdrealtor]Brian
I’ll take that as affirmation that you have never owned a home and are making this all up as you go along. When I was younger, I was much smarter also. At least I thought so.[/quote]

I don’t want to make this about me.

But if you’re going to judge people’s ability by what they owned or bought, you should start with Ben Bernanke.

Bernanke was a professor and he never managed any of the banks he saved and regulates. He didn’t own the exotic investments that amplified the financial crisis.

Does Bernanke know some things about financial markets? Or is he clueless?

Perhaps with Bernanke at the helm we’re all doomed.

[briansd1]

[quote=sdrealtor]Brian
I’ll take that as affirmation that you have never owned a home and are making this all up as you go along. When I was younger, I was much smarter also. At least I thought so.[/quote]

I don’t want to make this about me.

But if you’re going to judge people’s ability by what they owned or bought, you should start with Ben Bernanke.

Bernanke was a professor and he never managed any of the banks he saved and regulates. He didn’t own the exotic investments that amplified the financial crisis.

Does Bernanke know some things about financial markets? Or is he clueless?

Perhaps with Bernanke at the helm we’re all doomed.

[briansd1]

[quote=sdrealtor]Brian
I’ll take that as affirmation that you have never owned a home and are making this all up as you go along. When I was younger, I was much smarter also. At least I thought so.[/quote]

I don’t want to make this about me.

But if you’re going to judge people’s ability by what they owned or bought, you should start with Ben Bernanke.

Bernanke was a professor and he never managed any of the banks he saved and regulates. He didn’t own the exotic investments that amplified the financial crisis.

Does Bernanke know some things about financial markets? Or is he clueless?

Perhaps with Bernanke at the helm we’re all doomed.

[briansd1]

[quote=sdrealtor]Brian
I’ll take that as affirmation that you have never owned a home and are making this all up as you go along. When I was younger, I was much smarter also. At least I thought so.[/quote]

I don’t want to make this about me.

But if you’re going to judge people’s ability by what they owned or bought, you should start with Ben Bernanke.

Bernanke was a professor and he never managed any of the banks he saved and regulates. He didn’t own the exotic investments that amplified the financial crisis.

Does Bernanke know some things about financial markets? Or is he clueless?

Perhaps with Bernanke at the helm we’re all doomed.

[moneymaker]

It seems to me that many people are in different circumstances. Believe it or not there are people who bought before the peak with nothing down refinanced,payed off their credit cards, and are now walking away. Some people will say they stuck it to the bank,kinda like Robin Hood, others will say they were shrewd with their money by using other people’s money with little risk. People that sold at the peak and are now renting are in a similarily nice place. I do feel soory for those that put 20% down,refinanced to fix the place up, and now must walk away/(get foreclosed) because of a job loss that ultimately they are not responsible for. Many piggs here have yet to buy. I bought a year ago and am putting sweat equity into our house,rather have a pro do the work but such is life.

[moneymaker]

It seems to me that many people are in different circumstances. Believe it or not there are people who bought before the peak with nothing down refinanced,payed off their credit cards, and are now walking away. Some people will say they stuck it to the bank,kinda like Robin Hood, others will say they were shrewd with their money by using other people’s money with little risk. People that sold at the peak and are now renting are in a similarily nice place. I do feel soory for those that put 20% down,refinanced to fix the place up, and now must walk away/(get foreclosed) because of a job loss that ultimately they are not responsible for. Many piggs here have yet to buy. I bought a year ago and am putting sweat equity into our house,rather have a pro do the work but such is life.

[moneymaker]

It seems to me that many people are in different circumstances. Believe it or not there are people who bought before the peak with nothing down refinanced,payed off their credit cards, and are now walking away. Some people will say they stuck it to the bank,kinda like Robin Hood, others will say they were shrewd with their money by using other people’s money with little risk. People that sold at the peak and are now renting are in a similarily nice place. I do feel soory for those that put 20% down,refinanced to fix the place up, and now must walk away/(get foreclosed) because of a job loss that ultimately they are not responsible for. Many piggs here have yet to buy. I bought a year ago and am putting sweat equity into our house,rather have a pro do the work but such is life.

[moneymaker]

It seems to me that many people are in different circumstances. Believe it or not there are people who bought before the peak with nothing down refinanced,payed off their credit cards, and are now walking away. Some people will say they stuck it to the bank,kinda like Robin Hood, others will say they were shrewd with their money by using other people’s money with little risk. People that sold at the peak and are now renting are in a similarily nice place. I do feel soory for those that put 20% down,refinanced to fix the place up, and now must walk away/(get foreclosed) because of a job loss that ultimately they are not responsible for. Many piggs here have yet to buy. I bought a year ago and am putting sweat equity into our house,rather have a pro do the work but such is life.

[Author]

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