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Posted by: amazed 1 year, 1 month ago
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amazed1 year, 1 month ago
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Yeah, I think a better "face of the real estate crisis" is someone who did NOT continually refinance and refinance their house until they had negative equity after 38 years.
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Her situation is a shame, but not unpredictable or even really tragic. I know it sounds cold, but if you borrow more than you can afford, you're most likely to get into trouble.
I guess then, if you're elderly and make a big, dramatic gesture, you get your loan forgive --otherwise known as something for nothing.
So, is she really tragic or is she gaming the system?
Someone who had a mortgage that they could originally afford the terms of, and who lost their jobs because of outsourcing, medical problems, declining fortunes of the company -- now THOSE people I have enormous amounts of sympathy for.-
rwrnaeComment removed: Hard Banned
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