Quote:
Originally Posted by EscortBiz
you are a real idiot seriously, im sure the banks wanted this disaster, no its the fucking people and their fucking families yelling at them buy buy buy and people wanting to show off and keep up with others and people thinking they are some sort of investors.
but again noone can take the blame its everyone elses fault
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Isn't buying a house an investment? So of course people thought they were investors, it's what buying property is about.
A person with half shit credit, couldn't really come up with a down payment, or closing money, some how got a loan that they could afford for awhile, but now can't.
And some how, it's the peoples fault for trying to improve themselves, yet not the banks/loan companies for allowing such shady loans?
Every house I have purchased we went through loops, prove income, dept to income ratio, work history, taxes paid and tax statements, ect..
Anyone getting past all that bullshit, all the checking "they do", and yet the loan company approves it, they know it was high risk, they know the rates would get more expensive, but they allowed it. And now it's the persons fault for getting the house they couldn't afford but wanted and thought they could afford and clearly did afford for a period of time, because the bank/loan companies made it so they could afford it?
For us, I'm not blaming anyone, we got our fixed rates because we didn't "let" the banks/loan companies scam us. But "they" tried.