Am I really suppose to feel sorry for people losing their homes?

[Bluehorseshoe]

I just watched a piece on CBS about these people crying about losing their homes and I'm beyond annoyed. It's obvious they should have never been carrying a mortgage for what they decided on in the first place and they want people to feel sorry for them? "T.S."

If you have a job, go back to renting and look at owning again 7 years down the road.

[pico]

people like handouts. who can blame them

[Willie Bee]

The ones that did it out of pure stupidity and ignorance, I don't feel so sorry for. I've got just so much sympathy to spread around, and it's saved for those folks that are losing them now because they've lost jobs, the ones that had every intention of making those payments. I've got no sympathy for the banks and politicians, screw 'em.

[Bluehorseshoe]

The ones that did it out of pure stupidity and ignorance, I don't feel so sorry for. I've got just so much sympathy to spread around, and it's saved for those folks that are losing them now because they've lost jobs, the ones that had every intention of making those payments. I've got no sympathy for the banks and politicians, screw 'em.

But even the people who lost their jobs, if they were living within their means, they'd have some savings (Not 401k money) that they could fall back on to subsidize their new lower paying job.

[frostno98]

If want to then yeah. If don't want to, then no. The folks losing jobs by the day is the one's really getting the shaft though.

[Willie Bee]

But even the people who lost their jobs, if they were living within their means, they'd have some savings (Not 401k money) that they could fall back on to subsidize their new lower paying job.

Well horseshoe, you got to sort this out on your own, not trying to make you feel guilty for not feeling sorry for anyone. I've had to live lean a couple of times in my life, didn't get foreclosed on and been lucky. But there are some pretty good folks out there right now who have worked, done their best to live within their means, and caught a bad break or two to put them in a hole. I'm for giving them a hand.

[BobHarvey]

Well put. My son was working two jobs and lost them both. He's holding on to his home by a thread. He bought it at the worst possible time and now he's in the negative and it will never be worth what he paid.

Bluehorseshoe, Don't lump everybody into that category.

[daggerkobe]

Wow, way to show compassion.

Savings run out.......

The scary thing is, this could happen to any one of us.... unless you are independently wealthy or something.

[mmike032]

But even the people who lost their jobs, if they were living within their means, they'd have some savings (Not 401k money) that they could fall back on to subsidize their new lower paying job.

Do you have a family a to support along with a mortage and other bills it takes to survive?

[Bluehorseshoe]

Do you have a family a to support along with a mortage and other bills it takes to survive?

Nope. I don't also buy a $35,000 car when I can really only afford a $25,000 car. I don't buy a $500,000 home when I can only afford a $300,000 home.

A good chunk of these people are living out of their means. You don't agree?

[Bluehorseshoe]

Well put. My son was working two jobs and lost them both. He's holding on to his home by a thread. He bought it at the worst possible time and now he's in the negative and it will never be worth what he paid.

Bluehorseshoe, Don't lump everybody into that category.

HE BOUGHT IT AT THE WORST POSSIBLE TIME is the key. Who's fault is that???

I could have forced the issue and bought something 5 years, but I didn't.

[HedgeHog]

I'm with Blue and the guy from CNBC. Why bail out our neighbors who bought in over their heads? Why bail out anyone? Very little stimulus will come from this and the Nat'l Debt will be out of this World.

[The Seer]

Nope. I don't also buy a $35,000 car when I can really only afford a $25,000 car. I don't buy a $500,000 home when I can only afford a $300,000 home.

A good chunk of these people are living out of their means. You don't agree?

That's the American Way......

[daggerkobe]

I dont know a single person that could afford their mortgages without a fulltime job.

All the idiots that fell into the subprime trap lost their homes long time ago. Now its all the good people who did everything right that are losing their homes.

Doesnt matter if they owned $500k or $150k homes.... without a job they cant make payments on either!

[ryanXL977]

feel sorry forwhoever you wantto
i dontfeel sorry for any of them

[jjgold]

Most people that lose their homes deserved it

[ryanXL977]

buying shit you cant affordistheAMERICAN WAY
they saidthe warwould cost5billion at most
nobody thinks shit thru

[mmike032]

Nope. I don't also buy a $35,000 car when I can really only afford a $25,000 car. I don't buy a $500,000 home when I can only afford a $300,000 home.

A good chunk of these people are living out of their means. You don't agree?

I'm not arguing that there is alot of deadbeats that bought more than they could afford and now bitch and whine about it. I dont feel sorry for those types either but there is also a great deal of hardworking people that lost their jobs and are falling on hard times. Hell, Im not far from it, been bascially living off my savings for the past 12 months with a few jobs spread out here and there to keep some cash flowing.
Locally we have a Cooper Tire plant closing and 1200 people are suddenly without a job. and its not like our job market has a place for the 1200 people

[BobHarvey]

Blue, Your clueless. He paid market rate at the time when he could afford it. You need to grow up and get a clue. Maybe when your a family man and a little more mature, you'll be able to relate.

You're a piece of shit.

[ryanXL977]

maybe we should start a warto drumupsome industrial work

invade russia, they support terror!! YHEEHAAAW

[mmike032]

Blue, Your clueless. He paid market rate at the time when he could afford it. You need to grow up and get a clue. Maybe when your a family man and a little more mature, you'll be able to relate.

You're a piece of shit.

I'm gonna go out on a limb here and say Blue has never had the responsibilty of a family or bills

[Bluehorseshoe]

I'm not arguing that there is alot of deadbeats that bought more than they could afford and now bitch and whine about it. I dont feel sorry for those types either but there is also a great deal of hardworking people that lost their jobs and are falling on hard times. Hell, Im not far from it, been bascially living off my savings for the past 12 months with a few jobs spread out here and there to keep some cash flowing.
Locally we have a Cooper Tire plant closing and 1200 people are suddenly without a job. and its not like our job market has a place for the 1200 people

I apoligize. That's one thing I haven't considered is people having access to work because of the region of the country they're in. I'm lucky in the fact I'm in the northeast where I could grab another job worse comes to worse. I could always pick up a bar tending job if I had to.

[Bluehorseshoe]

Blue, Your clueless. He paid market rate at the time when he could afford it. You need to grow up and get a clue. Maybe when your a family man and a little more mature, you'll be able to relate.

You're a piece of shit.

I'm a piece of shit because I was smart enough to rent rather then own. Got it.


I'm a piece of shit because real estate should always go up and never come down. Got it.

[ryanXL977]

nothing quite as interesting as watching republicans debate which humans should be shown empathy and which should be judged and sentenced.

[FreeFall]

I don't. I don't care who you are if you got credit for something you can't pay back then you deserve all that is coming. Were losing out democracy and turning more socialist everyday I see the government pump more money into this already failing system. They are burying it themselves. The public is screaming it in the market.

[ryanXL977]

democracy and socialism are not mutually exclusive
perhaps capitalism and democracy are more at odds recently?

[RogueJuror]

some fire from bobby harvey

we like fire posting

[mmike032]

I'm a piece of shit because I was smart enough to rent rather then own. Got it.


I'm a piece of shit because real estate should always go up and never come down. Got it.

if you can afford to buy a house why would you rent
when you rent your just paying someone elses mortage.
a home is an investment if you can afford it, you build equity.
sure housing prices are down right now but your still building equity everytime you pay the mortage. Housing markets go through cycles, this just happens to be a greater slump than normal due to the circumstances.
same shit happened in the early 80s and everyone thought the sky was falling

[JBC77]

This administration is out of control and I don't think Obama has been in office 100 days. He's turning us into a well fare state. He's punishing those that were responsible and rewarding those who weren't. Period.

It was was bad enough he let Pelosi, Reid and Obey write the porkulous bill that he then claimed as him own. What was worse was the fact he and the politicians didn't even read it before signing it. What a disgrace.

The guy is out of control......

[BobHarvey]

Free Fall,

Wall Street and the mortage companies got greedy. And granted there were MANY people who should have NEVER been allowed to get loans. However that DOESN'T apply to everyone. Hardworking people are getting screwed all over the country. Were there to blame for getting laid off? No.

Sometimes things are out of our control. That's the frightening part of it.

[ryanXL977]

bush gave the banks almost a trillion and nary a word was spoken here. now a president from another party is applying policies attempting to help actual humans, not banks, and sbr is upset
i dont get it. id rather normal folks be helped than banks. and if our government is gonna kill in our name, then maybe we should benefit

ive never had a debt in my life. period. ive never gotten a dollar from the govt. not one. ive never had unemployment, never owed money. nothing. it sucks that i have to pay for others sloppiness but thats life. thats a democracy. i didnt support this bullshit war in 2002 when half this country was so sure saddam was gonan nuke us, now i have to pay for the idiots who did. and now i have to pay for the people who get laid off or made bad decisions on loans

thats life, so what

[Bread]

I like when Bobby Harvey lets his hair down.

[BobHarvey]

It's from the heart RJ.

[Bluehorseshoe]

if you can afford to buy a house why would you rent
when you rent your just paying someone elses mortage.
a home is an investment if you can afford it, you build equity.
sure housing prices are down right now but your still building equity everytime you pay the mortage. Housing markets go through cycles, this just happens to be a greater slump than normal due to the circumstances.
same shit happened in the early 80s and everyone thought the sky was falling

Because you don't always buy compared to renting even if you can afford it. You have to factor in taxes, insurance, maintenance, a correction in the market. It all depends on the environment.

Sometimes it makes more sense to pay a $1,000 a month in rent and put a $1,000 a month into savings than putting $2,000 towards a house and gaining equity.

[BobHarvey]

Bread, I don't have much hair...but it's all down.