08-26-2011, 05:48 PM
(08-26-2011, 05:45 PM)BlueTiki Wrote:(08-26-2011, 05:33 PM)Cracker Wrote: I'm talking fucked up appraisal/lending practices so they could charge the newly-able-to-qualify more money for a subprime loan. It fucked everybody that bought in the last 12 years. The houses on my street are about ten years old. They are valued less than the original purchase prices. Can you call all the people who live here and pay their mortgage stupid? I just can't.
This can't be the first you've heard of the concept.
Sub prime is the first clue that you probably shouldn't be purchasing a home.
Why aren't you outraged and demanding satisfaction from the lenders? People who walk from a home because "it's not fair" are just like the fucking looters in London.
So . . . you think it's fair, since I own my home, I should be forced to subsidize these financial cretins who have buyer's remorse and now want better? I paid it off! Where's my reward?
Fuck them! Too fucking bad you felt compelled to purchase and not realizing that nothing is guaranteed. Like market valuation.
What? Now lenders and builders must guarantee a valuation percentage in contracts?
Gimme a break.
Seriously? People with conventional mortgages should be ashamed they bought a house? Like I said, I was a smart bitch the first few years...
It's not even about the whining. It's about being smart in a bad economy and not letting yourself get screwed. I condone that behavior. haha