Matt
Take me down to the paradise city
Premium
join:2003-07-20
Jamestown, NC
 ·North State Commun..
| reply to wentlanc
Re: I pick data
said by wentlanc  :Why is it that it's ok for people to lose their homes, and have a hard time making ends meet from month to month, when these gluttons are making profits quarter over quarter? cw Perhaps they should cancel their cable TV and focus on paying their mortgage/rent and other necessary bills? Just a thought.
I'm sure that would cut into their profit margins. |
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wentlanc
You Can't Fix Dumb..
join:2003-07-30
Maineville, OH | I don't disagree with you there. But the people who got screwed with subprime mortgages would not likely be saved by lowering their cable bill by $20, or eliminating it and saving $70.
cw |
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Matt
Take me down to the paradise city
Premium
join:2003-07-20
Jamestown, NC
·North State Commun..
| said by wentlanc :I don't disagree with you there. But the people who got screwed with subprime mortgages would not likely be saved by lowering their cable bill by $20, or eliminating it and saving $70. cw I agree, but I was more pointing out that the people who are in that situation probably wouldn't cancel their cable ... they probably aren't willing to sacrifice. They'd rather have someone else bail them out or pay their own way. Sacrifice is hard, hand-outs aren't. (Look at the Home Makeover family as a perfect example.)
I bought a house two years ago and my credit wasn't the best. They tried to throw all sort of "creative" financing at me so I could get the house I really wanted, but I stopped myself and actually researched. I consulted with friends who own houses, read online about the different loan types they were throwing at me. I wound up with a $50k cheaper house - with a more expensive 30-year fixed mortgage - but there won't be any surprises and I know my payment will be easier to make over time and my interest rate won't budge.
I guess what I'm getting at, is I can sympathize with the people who were taken advantage of, but they bear just as much responsibility for letting themselves get into the situation as the predatory lenders who took advantage of them. |
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