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creechrr
Participant[quote=bubba99] It is a contract, and foreclosure is a remedy in the contract to either party. [/quote]
I don’t disagree with this. My point is that we as a nation should not be where we are now. If we as a nation didn’t have such a sense of entitlement, we would not be faced with such crushing debts.
It’s pretty obvious that the vast majority of “home owners” that purchased in the last decade or so, shouldn’t have. This is just the Coach purse example replayed on a grander scale.
For those that had genuine hardships, I feel for them. I don’t think anyone will deny that sh!t happens. It happens to the nicest, finest examples of humanity. The problem is now everyone is entitled to be a charity case. When that happens the real need gets lost in the noise. Eventually, those of us that are compassionate begin to loose that compassion.
I’m sure I’m not the only that feels a little short changed by the turn of events. I didn’t get the house, BMW or even the Coach purse but, I do get to pay for it.
I think the phrase is, “Privatized profits and socialized debt”.
To the “homeowners” that do end up receiving some sort of loan mod be careful. Read the fine print, consult a lawyer, and give it some serious thought this time. It might just be better to pack your stuff and rent.
The backlash will come. Reality hasn’t set in yet.
Participant[quote=UCGal]I don’t understand how people thing they should be able to keep a house they are not making payments on…[/quote]
One word…Entitlement.
Yes, that is where this country has gone. The masses are entitled. I see this with friends and family on just about a daily basis.
Things that were once luxuries are now necessary to survive in some parts of the country. We’re living in an era where BMWs are just about as common as a Honda or Toyota. Not too long ago when I was single, I was introduced to Coach. Just about every young lady I met had a Coach purse or at the very least scheming on getting at least one. Many had multiple high dollar designer purses.
I always posed the question, “why do you need a $300+ purse when you rarely have more than $10 to put in it”?
That question was always met with a look of confusion. As long as they, could afford the minimum payment on the credit cards and could get more cards, all was good. After all, they were cute. Being cute trumps all.
The same attitude can be applied to any object. Housing is a perfect example.
Participant[quote=UCGal]I don’t understand how people thing they should be able to keep a house they are not making payments on…[/quote]
One word…Entitlement.
Yes, that is where this country has gone. The masses are entitled. I see this with friends and family on just about a daily basis.
Things that were once luxuries are now necessary to survive in some parts of the country. We’re living in an era where BMWs are just about as common as a Honda or Toyota. Not too long ago when I was single, I was introduced to Coach. Just about every young lady I met had a Coach purse or at the very least scheming on getting at least one. Many had multiple high dollar designer purses.
I always posed the question, “why do you need a $300+ purse when you rarely have more than $10 to put in it”?
That question was always met with a look of confusion. As long as they, could afford the minimum payment on the credit cards and could get more cards, all was good. After all, they were cute. Being cute trumps all.
The same attitude can be applied to any object. Housing is a perfect example.
Participant[quote=UCGal]I don’t understand how people thing they should be able to keep a house they are not making payments on…[/quote]
One word…Entitlement.
Yes, that is where this country has gone. The masses are entitled. I see this with friends and family on just about a daily basis.
Things that were once luxuries are now necessary to survive in some parts of the country. We’re living in an era where BMWs are just about as common as a Honda or Toyota. Not too long ago when I was single, I was introduced to Coach. Just about every young lady I met had a Coach purse or at the very least scheming on getting at least one. Many had multiple high dollar designer purses.
I always posed the question, “why do you need a $300+ purse when you rarely have more than $10 to put in it”?
That question was always met with a look of confusion. As long as they, could afford the minimum payment on the credit cards and could get more cards, all was good. After all, they were cute. Being cute trumps all.
The same attitude can be applied to any object. Housing is a perfect example.
Participant[quote=UCGal]I don’t understand how people thing they should be able to keep a house they are not making payments on…[/quote]
One word…Entitlement.
Yes, that is where this country has gone. The masses are entitled. I see this with friends and family on just about a daily basis.
Things that were once luxuries are now necessary to survive in some parts of the country. We’re living in an era where BMWs are just about as common as a Honda or Toyota. Not too long ago when I was single, I was introduced to Coach. Just about every young lady I met had a Coach purse or at the very least scheming on getting at least one. Many had multiple high dollar designer purses.
I always posed the question, “why do you need a $300+ purse when you rarely have more than $10 to put in it”?
That question was always met with a look of confusion. As long as they, could afford the minimum payment on the credit cards and could get more cards, all was good. After all, they were cute. Being cute trumps all.
The same attitude can be applied to any object. Housing is a perfect example.
Participant[quote=UCGal]I don’t understand how people thing they should be able to keep a house they are not making payments on…[/quote]
One word…Entitlement.
Yes, that is where this country has gone. The masses are entitled. I see this with friends and family on just about a daily basis.
Things that were once luxuries are now necessary to survive in some parts of the country. We’re living in an era where BMWs are just about as common as a Honda or Toyota. Not too long ago when I was single, I was introduced to Coach. Just about every young lady I met had a Coach purse or at the very least scheming on getting at least one. Many had multiple high dollar designer purses.
I always posed the question, “why do you need a $300+ purse when you rarely have more than $10 to put in it”?
That question was always met with a look of confusion. As long as they, could afford the minimum payment on the credit cards and could get more cards, all was good. After all, they were cute. Being cute trumps all.
The same attitude can be applied to any object. Housing is a perfect example.
ParticipantI’m burned out by this stuff. My sympathy reserves have been drained. Every deadbeat, fiscal mental midget, and pie in the sky dreamer now has a sob story.
On the way up, they were oracles with uncanny saviness. Now, the bubble unravels, they are all victims. Victims of the system, victims of bankers, victims of realtors, on and on.
The one person that never seems to get even a smidgen of blame is themselves. A victim of their own greed!
I’ve yet to see a story about personal responsiblity. You know, taking your lumps. Nobody is willing to point out that these people are leeches.
ParticipantI’m burned out by this stuff. My sympathy reserves have been drained. Every deadbeat, fiscal mental midget, and pie in the sky dreamer now has a sob story.
On the way up, they were oracles with uncanny saviness. Now, the bubble unravels, they are all victims. Victims of the system, victims of bankers, victims of realtors, on and on.
The one person that never seems to get even a smidgen of blame is themselves. A victim of their own greed!
I’ve yet to see a story about personal responsiblity. You know, taking your lumps. Nobody is willing to point out that these people are leeches.
ParticipantI’m burned out by this stuff. My sympathy reserves have been drained. Every deadbeat, fiscal mental midget, and pie in the sky dreamer now has a sob story.
On the way up, they were oracles with uncanny saviness. Now, the bubble unravels, they are all victims. Victims of the system, victims of bankers, victims of realtors, on and on.
The one person that never seems to get even a smidgen of blame is themselves. A victim of their own greed!
I’ve yet to see a story about personal responsiblity. You know, taking your lumps. Nobody is willing to point out that these people are leeches.
ParticipantI’m burned out by this stuff. My sympathy reserves have been drained. Every deadbeat, fiscal mental midget, and pie in the sky dreamer now has a sob story.
On the way up, they were oracles with uncanny saviness. Now, the bubble unravels, they are all victims. Victims of the system, victims of bankers, victims of realtors, on and on.
The one person that never seems to get even a smidgen of blame is themselves. A victim of their own greed!
I’ve yet to see a story about personal responsiblity. You know, taking your lumps. Nobody is willing to point out that these people are leeches.
ParticipantI’m burned out by this stuff. My sympathy reserves have been drained. Every deadbeat, fiscal mental midget, and pie in the sky dreamer now has a sob story.
On the way up, they were oracles with uncanny saviness. Now, the bubble unravels, they are all victims. Victims of the system, victims of bankers, victims of realtors, on and on.
The one person that never seems to get even a smidgen of blame is themselves. A victim of their own greed!
I’ve yet to see a story about personal responsiblity. You know, taking your lumps. Nobody is willing to point out that these people are leeches.
December 21, 2009 at 12:08 PM in reply to: OT: Ok, time for New Years Resolutions. What’s yours??? #496003Participant[quote=jficquette]LOL, no. I still am working on the first 20 pounds. That’s why I have to keep repeating it every year. (g)[/quote]
So, what’s the point of declaring a resolution?
I never understood the point of New Year’s Resolutions. Just get on with it.
Is this an American invention or do other cultures have something similar?
December 21, 2009 at 12:08 PM in reply to: OT: Ok, time for New Years Resolutions. What’s yours??? #496158Participant[quote=jficquette]LOL, no. I still am working on the first 20 pounds. That’s why I have to keep repeating it every year. (g)[/quote]
So, what’s the point of declaring a resolution?
I never understood the point of New Year’s Resolutions. Just get on with it.
Is this an American invention or do other cultures have something similar?
December 21, 2009 at 12:08 PM in reply to: OT: Ok, time for New Years Resolutions. What’s yours??? #496539Participant[quote=jficquette]LOL, no. I still am working on the first 20 pounds. That’s why I have to keep repeating it every year. (g)[/quote]
So, what’s the point of declaring a resolution?
I never understood the point of New Year’s Resolutions. Just get on with it.
Is this an American invention or do other cultures have something similar?
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