Gato_Solo
Out-freaking-standing OTC member
Wexford, PA. This town is about 20 miles from where I grew up. Its a nice area, too. How much you wanna bet that this couple has an ARM?
This isn't a disorder, it's merely a symptom. We have been reaching and grabbing with both fists for generations now. We see what our 60-year old parents have after a life spent on hard work and saving, and we want it now...at 33...without the sacrifice. So we go out and lease a new SUV to drive on our paved suburban streets, and then the latest little sporty sedan thing (to ease our conscience over the SUV), mortgage ourselves eyeball deep just so we can live in Hot Shit Estates (always failing to realize that 7 years ago that dumpy little neighborhood a few miles away was THE place to be once upon a time too...), buy all the toys and gadgets and gizmos we see, then wonder why we feel lousy. Pots and pans just won't DO anymore...it just HAS to be Pampered Chef. The grocery store? Oh please...Williams & Sonoma! Some day the party ends, and then comes that hangover...
Simply live simply folks. A few toys and perks are fine, but we don't need everything we see. To hell with the Jonses, let 'em go.
Simply live simply folks. A few toys and perks are fine, but we don't need everything we see. To hell with the Jonses, let 'em go.
Simply live simply folks. A few toys and perks are fine, but we don't need everything we see. To hell with the Jonses, let 'em go.
Both good ones although I like "For the Love of Money" better myself. As our friends from France would say, "Plus ça change, plus c'est la même chose."Reminds me of a song by the Temptations (Who wants to be like the Joneses)...and another one by the O'Jays(For the Love of Money). The youngin's won't know what I'm talking about, and some of us more mature didn't pay much mind to those hits, but to each his own...
He who dies with the most toys still dies.
I certainly have sympathy for borrowers who may have been misled. But for every "predatory lender" out there, you can find a predatory borrower. For every fraud-minded loan officer or mortgage broker, you can find a homeowner who secured financing and bought a home he knew he couldn't afford with little money down and bogus or no income verification. Washington is silent about this reckless behavior, which it is encouraging both tacitly and explicitly.
1. Can such terms even be legal?
Pots and pans just won't DO anymore...it just HAS to be Pampered Chef. The grocery store? Oh please...Williams & Sonoma!
Williams & Sonoma
I feel sorry for them, but not that sorry. This is what you get, and I don't want to be responsible for your debt. Because I did the RIGHT thing and shouldn't have to pay for your mistakes. You reap what you sow, and if you're not smart about this stuff, it's going to bite you in the ass.
As I mentioned at Cat's board, I'm currently searching for a new place because the bank is about to foreclose the duplex I live in away from my landlord. I haven't heard anything form any banks yet but I don't want to wait until I do hear from the bank and find no housing available that I can afford.
Are there any assistance programs by you?
Are there any assistance programs by you? We went to one here and although we qualified for a mortgage that was not open to the general public, it wasn't worth it for us in the end. But it was good in that it taught us exactly what we could afford and what the real cost of ownership is. Most mortgage companies will approve you for tens of thousands more than you can reasonably afford.