Underwater Homeowners Thread

[patientrenter]

[quote=23109VC]
I just spent a few more minutes reading all the posts here. I must say I am suprised at how hostile you all are towards me.
[/quote]

23109VC, the reason many readers here are unhappy with people who bought near the peak with little money down (less than 50%, let’s say) and are now walking or getting bailed out is that

a) the other readers are getting the bill for the loss in the home’s value, (I am assuming the readers are mostly responsible taxpayers), and

b) if home prices had continued to go up, the homeowners would have got to keep the gain in price.

Tails, you win; heads, I lose. Do you see the unfairness issue?

[waiting hawk]

Would anyone really expect any sympathy from this board after the years of postings and time spent talking about the inevitable?

I guess most forgot about the people that had to rent and put their own lives on hold while the majority were reaching for the stars.

[waiting hawk]

Would anyone really expect any sympathy from this board after the years of postings and time spent talking about the inevitable?

I guess most forgot about the people that had to rent and put their own lives on hold while the majority were reaching for the stars.

[waiting hawk]

Would anyone really expect any sympathy from this board after the years of postings and time spent talking about the inevitable?

I guess most forgot about the people that had to rent and put their own lives on hold while the majority were reaching for the stars.

[waiting hawk]

Would anyone really expect any sympathy from this board after the years of postings and time spent talking about the inevitable?

I guess most forgot about the people that had to rent and put their own lives on hold while the majority were reaching for the stars.

[waiting hawk]

Would anyone really expect any sympathy from this board after the years of postings and time spent talking about the inevitable?

I guess most forgot about the people that had to rent and put their own lives on hold while the majority were reaching for the stars.

[paramount]

Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. The victims of this fraud – primarily those who are severely upside down among others.

[paramount]

Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. The victims of this fraud – primarily those who are severely upside down among others.

[paramount]

Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. The victims of this fraud – primarily those who are severely upside down among others.

[paramount]

Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. The victims of this fraud – primarily those who are severely upside down among others.

[paramount]

Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. The victims of this fraud – primarily those who are severely upside down among others.

[TheBreeze]

[quote=paramount]Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.

[/quote]

Very well said, paramount.

[TheBreeze]

[quote=paramount]Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.

[/quote]

Very well said, paramount.

[TheBreeze]

[quote=paramount]Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.

[/quote]

Very well said, paramount.

[TheBreeze]

[quote=paramount]Like RL said today, there are 2 groups of people in all of this:

1. Those who largely committed fraud buying a house they could not afford, and

2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.

[/quote]

Very well said, paramount.

[Author]

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