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Originally posted by ubeenhad
Originally posted by adjensen
No one is entitled to a house, much less a "mc-mansion" with six bedrooms, two kitchens and a four car garage. As a starter home. I live in a neighbourhood that is packed with 30 somethings in 3000+ sq ft homes that are working themselves to death and missing the lives of their 1.5 children as they struggle to pay for something that they don't need. It's sad, really.
Everything above this is well said.
I hate broad unverified statistics. And the whole "in my neighbourhood" argument is a perfect example.
The bigger issue is they USED to be able to afford it with better wages and lower cost of living. You can't say every American who has been forclosed on was done so because they are idiots? What about my neighbor who worked his ass off his whole life for one company and was aking 6 figures a year. He and his family lived in poverty for most of his life, so the chance to get a nice what you call mcmansion with 4 rooms, was an opportunity of a lifetime. He signed an ARM, and paid double mortgage payments for years. When the recession started hurting construction, his cabnet company didn't sell a cabnit for over a year. He was making minimum wage, trying to hold on, hoping things would turn around. They didn't and now he lives next to me, in my modest townhouse.
Explain how this man is at fault.
Originally posted by adjensen
I grew up in a house with five people, three bedrooms and one bathroom. My wife had nine sisters and brothers in a four bedroom home. It wasn't spacious, but we made do, because that's what our parents could afford.
Originally posted by ubeenhad
reply to post by howmuch4another
Have you heard of justin beaver?
Originally posted by ubeenhad
Originally posted by adjensen
I grew up in a house with five people, three bedrooms and one bathroom. My wife had nine sisters and brothers in a four bedroom home. It wasn't spacious, but we made do, because that's what our parents could afford.
Well your prolly old as hell, no offense. Because if your parents were ok with that situation, and if they had a chance to get you out of it, and didn't? Then I understand why you feel the way you do. Thats a tough reality.
And btw, its 2 bedrooms. And his kids gotta share a small room. They are not happy.
Originally posted by adjensen
Geez, most people on this planet live in poverty, six million children starve to death each year, his kids have to "share a small room" and that's some sort of hardship?
Originally posted by GoldenRuled
reply to post by ubeenhad
Careful if the FBI is called in. The protesters will torch themselves like Waco.
Look, it sucks to lose your home when you can't make the payments, but if they used so little judgement in purchasing the home as to sign an ARM, and possibly buy more house than they could reasonably afford, then that's on them ultimately.
Originally posted by Mrgone
For example; during this 5year period of negotiations, every time our family wanted to make payments towards the loan, the bank refused to take them. The bank later used this lack of payments to justify the auction of our home from underneath us.