Quote:
Originally Posted by OneSickPsycho
Anyone who can afford it... REALLY afford it. If you're buying a house with zero down and starting payment near the top of your budget, you shouldn't be signing a loan with payments that double a few years down the road. It's common sense...
"I didn't know" or "I expected to be in a better place" and any of the other whiney bullshit excuses I heard in sob stories on the 6 o'clock news when the whole thing was collapsing just about made me sick.
There are plenty of other less extreme scenerios, but the bottom line is... if it weren't for people being irresponsible in the first place, the whole housing crisis wouldn't be at all what it is today.
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Unfortunately a big chunk of foreclosures nowadays are by folks who, at the time of signing were solid candidates for the mortgage they got into.
As they say...shit happens.