posted on Mar, 15 2008 @ 04:19 PM
I'm dumbfounded with some of the narrow-minded comments in this thread. Some people seem to think that no one falls on hard times unless they are a
I've seen the best of people have just one of the two in a household lose their jobs through no fault of their own and get evicted over it. We are in
an economy now where there are masses living paycheck to paycheck even renting (it's not that much cheaper than paying a mortgage in a lot of places)
that are not living beyond survival level and they still go under. The job market is almost non-existant, gas and food prices, health insurance -
everything going UP.
The foreclosures are another story, but I'm sorry, the banks are getting bailed out and the people are losing their homes anyway. We should be
bailing out the middle class and instead we are bailing out banks. Banks that played hard and fast with the rules, creating this mess, allowing this
mess, and now they are bailed out and who cares where the people end up. Where is the outrage against that?
Yes, everyone who got into a mortgage should be responsible for putting their name on that document and know what it said, but I have news for you.
The past two decades we have seriously dumbed down this country, don't ask me why, but it's frightening, and it should scare everyone that this
could happen in what was suppossed to be the greatest country in the world.
I'll give you an example; the first question asked of potential renters are what is your gross household income per week? More than half of the
inquries respond "I don't know, I get paid bi-weekly". So if anyone thinks the majority of people the Banks were qualifying for mortgages (when
they shouldn't have), had a clue they were not going to be able to make the payments two years later, you are kidding yourselves.
Now, the real question people better be asking themselves is if the company you work for cuts back and 1 person in your household loses a job, exactly
how long can you go before you can't make the mortgage OR RENT payment? Really? Now add 90 days to that because that is when you will be evicted in
This situation should be scaring everyone because it could happen to anyone, and it's already started. I haven't seen tent cities on the east coast
yet, but I wouldn't be surprised if they are here, and I have no doubt people are living without roofs over their heads who would have been
considered middle class a year or two ago. If you don't see this you have got to have blinders on.
The bottom line is the majority of people right now cannot afford a job cut, an illness, an accident, or any glitch in their day to day without being
in serious financial trouble. If you are not one of them count your blessings, but don't kid yourself on the state of the average Joe right now in