Quote:
Originally Posted by BroncoFan  We shouldn't be so quick to judge anyone that may be forclosed on, or those going bankrupt.
Do you really know what is going on? In today's world, one can simply lose his job. Most people do not have enough money to live greater that 2 months.
What about medical bills? I have insurance, and with a spouse that had cancer, you are still stuck with a huge medical bill in the end.
Not all foreclosures are due to money mis-management. |
A lions share of the foreclosures are not due to job loss nor medical bills....maybe one or two here and there but the bottom line it's because of them being in a house they can't afford to make the payments plus interest with.
Here's the deal. If a car dealer can get me a 60K corvette at a high interest is it MY responsibility to not buy it or his responsibility to not sell it to me. Do you expect HIM to say...buy the Ford Taurus instead, it's what you can afford? People were living beyond their means...that's the bottom line and now they are paying the price.