Kind of like the people who bought the houses they couldn’t afford to pay for what worries me is how much the rest of us will have to pay for these kinds of offers on our own cards or forced through the government to bail out the banks then.
That's right Lori, me and you, the taxpayer.
The Middle-class is being destroyed.
That’s it, exactly. And then their greed and ignorance creates drops in the housing market that hits every one of us. So many people are underwater — people who paid a fair market value, pay their mortgage or paid it off completely — and now are stuck.
Your home is an investment, and so many ‘good’ homeowners are hurting. It’s a risk you take when you buy, but the market was tainted. I think if we sit it out and get the gov’t turned around, we’ll be ok, but I feel for those in the meantime who are transferred or relocate for work and are stuck with a home they cannot unload. The foreclosure rate’s just going to keep on keeping on.