Asclepias
Diamond Member
Its obvious you are too dull to understand that if someone tells you that your payments are going to be less than what you rent for and you will be able to refinance after a year to keep the payments low then its not a lack of self control. Its simply a lack of knowledge regarding how the banking industry works.Lot of em got pressured into it by their Realtor.......hurry ..hurrry its only going to cost you more.....I'm merely suggesting self-imposed limits.
The rates of foreclosure, repossessions and bankruptcy show Americans' tendency to live beyond their means
Seriously,how stupid do you need to be to buy a house you cant afford?
The dumbing down of America continues...And judging by the last two presidential elections it appears to be dems who are the morons.
With most of the help being from the Lenders.
Its easy to say that everyone who got duped is "stupid". Its harder to convince anyone that stupidity is the case across the board...across the nation all at once.
Something else besides "stupidity" was at play
Yes, greed on both sides of the ball... greedy lenders, greedy realtors and greedy people who wanted that which they could not afford. It was a perfect storm.
None of which "should" cause someone to buy more than they can afford.
If you allow yourself to be taken by slick bankers and your own lack of self control you deserve what you get.
It's all about personal responsibility,something that is unfortunately lacking these days.