Quote:
Originally Posted by beemk
i find it hilarious when someone paid a certain amount for their house and act like their ability to pay their payment is any difference now that the market is down.
|
Hmmm...maybe the massive layoffs and reduction in available jobs has something to do with it? A lot of people have jobs that are at the mercy of the U.S. economy, and when shit hits the fan their income drops. So a crappy economy can actually impact those that took out honest home loans that were within their means. Not everyone hurting are idiots that took out adjustable rate mortgages w/ 0 down on overpriced homes. The trickle down effect can wreak havoc. I know a few good people that were responsible w/ good paying jobs that are now hurting financially and at risk of losing their homes. Not so hillarious if you ask me.