Posted on 03/17/2015 9:38:51 PM PDT by george76
I kind of thought we were.
I am not so heartless I am going to morally condemn people who can’t pay their mortgage and have to walk away.
But I have no problem with condemning someone who has overspent, not managed their money or lifestyle, or uses this “walk away” strategy to simply go up the street and get another loan.
Yep, does not make sense.
What’s behind the scenes?
Well put; if parents are just going to be chastised if they lose their jobs (because they can’t provide for their children), then they’ll stop having children...and that is exactly what has happened.
I like Rush as an entertainer, but as for practical advice remember you are listening to a multimillionaire; he can say whatever he wants with no consequences. I wish him well, and am sure he’s smart enough to understand why practical people can’t do as he says...
Who put a gun to their heads and forced them to buy the house?
Interesting info.
I’ve read books about the meltdown talking about guys who were making 8 bucks an hour in a California car wash getting one week of training and becoming mortgage officers making 10 grand a month.
And they were writing half million dollar loans to illegals making 8 bucks an hour.
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