
03-05-2008, 08:47 PM
|
 | DodgeBoard President | | Join Date: Oct 2005 Location: By the "wind & smell", it must be an anus!
Posts: 5,727
Casino Cash: $201311
Rep Power: 2126 | |
Quote:
Originally Posted by Army_of_One 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. | Quote:
Originally Posted by Army_of_One OR...you could save enough money to make a down payment on that 5000 car that you won't have to pay a high interest rate.
I believe they charge people more interest to protect their risk of loaning that person the money. |   |