Quote:
Originally Posted by onewhippedpuppy
Nobody ever stops to ask why a family making $50k thought they could afford a $500k house. Sure it's callous, but it needs to be discussed.
|
Gawd, ain't that the truth! I have not once seen a reporter doing one of these foreclosure stories examine why the homeowner thought they could afford the house they got. They don't do stories on folks who bought within their means, put 20% down, lost their jobs, got sick and burned through their six mos. of cash reserves before falling behind on their mortgage. No, those folks are the ones who actually might deserve some sympathy. Instead, they talk like foreclosure is some kind of communicable disease, afflicting unwitting and innocent people, that only the gov't. can stop. Why doesn't any reporter every question a politician who says the gov't. needs to put a moratorium on foreclosures or tell judges they can rewrite private party contracts? Doesn't anyone wonder how the gov't. has this power?