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widgeon13 widgeon13 is offline
"O"man(are we in trouble)
 
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Join Date: Nov 2005
Location: On the edge
Posts: 16,452
I have said this before, rule of thumb used to be your mortgage payment should not exceed 20% of your gross salary. If you couldn't afford that, don't buy the property. Why do I think these people in the protest didn't pay any attention to something like those guidelines. If they didn't have to put any money down then I blame the lending institutions and the buyers should just walk away, otherwise I blame the buyer for grossly overextending themselves.

All this bailout BS and it's impact on the market and how the market and investors have suffered, if we had it to do over, I wouldn't give anyone a freaking penny. Big or small they should all pay the piper and not get a handout funded by our TAX $$$!
Old 10-31-2008, 08:35 AM
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