Quote:
Originally Posted by RadiantX
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.
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My friend an rnc guy and an executive recruiter. He said all this people dont want to pay their mortgages is bullshit. They are losing their jobs and income is going down. Im on my condo board we have people that always paid and now they cant. We have had 4 out of 28 units foreclose.These arent deadbeats these are people out of work or not making enough anymore.