Quote:
Originally Posted by ruf-porsche
Take a moment to think about the family that use to live there, but lost their dream house because of the economy.
After the civil war there was a term for people like you
Carpetbagger.
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How do you know that the family that used to live there wasn't trying to live beyond their means? Or perhaps the previous owner(s) were speculators planning on "flipping" it for a quick profit?
A lot of people losing their houses (probably
most) never deserved them in the first place -- they couldn't actually
afford to own the homes they bought.
It was the artificially low interest rates and lax lending standards -- the result of the Fed's policies and banks' lending behaviors --
and the choices of the borrowers, that allowed people to act out "their dreams" when they never did the
hard work required to really achieve dreams.
People were living a lie; people being forced back to reality, losing homes to those who can actually afford them, isn't anything "wrong."