Forclosure is looming for millions of Americans - YEAAAAAAA?

Question

I have been thrifty and penny pinched while the rest of you have spent, spent, spent.. You were real non-chalant when you grabbed that mortgage, huh big guy??? Time for you to pay me all my money..... When I sneak up and grab your house through forclosure. You and the old lady, lose the house and can now come rent from me at one of my apt bldg's... I'm the penny pincher that drives an old used Toyota that you look at and say He's a BUM - He's poor! Or, here on the net - you tell me learn how to spell and get a life.. Well, here I come to take your wallett. WHo laughing now? COmments?

Answer 1

You don't understand why the foreclosure situation is your problem anyway.

The mortgages that are being foreclosed on represent losses to major lenders, and if they go belly up as some already have, that means losses of jobs, more people on government relief, and they might lose their own houses and cars, and the government will do what? Stand by, or think they'll bail them out? If they do a bailout, whose money do you think they're likely to use?

Answer 2

If it were that simple, I'd say good for you...classic turtle and the hare...you win. I am in the same situation as you as I watched a lot of people my age move to DC, LA, ATL..buy houses they really could not afford, get cars they could not afford..but they were playing the part. On the outside it looked like..wow these people are doing really well. I could not see it then but now I realize that they are probably in deep trouble now. the problem with people getting these houses and loans they can not afford is they do not look at life situations that may occur which is dumb. I mean, whayt if you get a mortgage for a house and you obviously can't afford the house, but you end up living pay check to paycheck to pay for the house...like duh...what if you lose your job, or are in a car accident and can't work, or your kid develops an illness that requires serious medical care and money. Like why would people put themselves in that situation knowing life is so ..anything can happen. it is just not a smart move just to say you own a house. I do feel sorry for families that are going through foreclosure because that is traumatic and a lot of stress..but people have to think beyond 10 minutes. So for the people who have been saving to buy a house and being thrifty..good move, housing values will plummet and that has always been the best time to snatch up property.
My issue is this however, I understand your stance, but my concern now is if this foreclosure thing is much bigger than we think., If it is this widespread, americans are already deep in debt with credit cards, most people do not have a savings, or they drew from their retirement, savings credit cards to try to save their house.....will this lead to an economic depression. The economy is already weak anyways and this could have a ripple effect through many sectors not just housing..so ultimately it may affect you to some degree

Answer 3

I totally know what you mean. Here we are, cutting corners and pinching pennies or what some might refer to as "living within our means" while others are out there financing an extravagant lifestyle getting all the "toys" and doing all the travelling.

Then, when it all starts to catch up with them, they have their house forclosed on and declare bankruptcy and basically get away with it without having to take responsibility.

Um, I can't say that I find it as fun as you, I feel really bad when people have that happen to them, but I feel bad for them even before it happens and hope that they can reign in their spending before it gets too out of control.

Answer 4

You have to be a pathetic person to laugh at people who are going through foreclosure. Personally I am not, nor are most I know. But some people are facing problems mainly because the banks suckered them into loans and rates they coudlnt afford.

Answer 5

hahaha...absolute golden.

i get a nice laugh when i read this.

Alot of succesfull people out there believe that the way they got to where they are is by going the opposite way that most others go..In ure case you saved money while others spent, now you will be able to rake in all the profits while others cant.

Answer 6

why would you laugh at someones misfortune- its just bad Karma. You money (so called) will not warm you when your old and miserable because of your lack of compassion. However give the devil his dues- your buying at the rite time- but please do not be so smug as to think this may not bite you in the rear somewhere down the line.

Answer 7

I am in the purchasing foreclosure business too.....ITS NO LAUGHING MATTER.....Congratulations, you have managed to stay ahead of the curve....But foreclosure destroys ordinary people and famlies.....I have seen some even commit suicide and I feel sorry for your cruel attitude, be careful, because that bad karma will come back at you....PEACE

Answer 8

I think you should seek some professional help, being happy for the misery of others is just cold. Karma will get you buddy

Answer 9

i love their accents :D somewhat little youthful ones!!! its between the excuses beside the coolest universities that i elect to pass there, i elect my little ones to have that accent :) also, i love their vocabulary and the human beings I truthfully have met from Britain so a ways were extremely outstanding :) i'm in problem-free words jealous that they get to drink 3 years earlier us, and they have lots of the most fittest renowned chaps (1D, the Harries twins, Marcus Butler and bigger).

Answer 10

You are a very mean person. To think that you wish this upon people, even though it was their mistake. Stop glouting, because what goes around comes around.