Quote:
Originally Posted by onewhippedpuppy
Bingo! And in our modern times, where it's a RIGHT for everyone to have a nice home, new car, and flat-screen TV, this is a CRISIS.
In reality, lending has simply swung back to more conservative practices, i.e. where it should have stayed all along.
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Truer words are rarley spoken. It has gotten to the point where people just don't look at the big picture, they don't plan, save, build. It has to be right now or not at all. I see it in my kids all the time.
I waited till I was 40 to buy my 911, I waited till my house was almost payed for, I owe nobody anything on credit. I do carry a balance but that is small and just to keep my credit open.