Asclepias
Diamond Member
People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.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.
I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.