Sunday, February 24, 2008

If you are stupid, and in over your head don't expect me to bail you out.

I'm pissed that many Americans want somebody bail them out of the house they couldn't afford. Why would you purchase more than you can handle. Every other article I read is about the housing crisis. To many people, greedily purchased more home than they could afford. There are some misfortunate people that have lost jobs, but most just can't afford the house payment. They signed the paper that said they will not be able to afford the home in 3-5 years so why purchase it. My tax dollars should not be spent on fixing the bad decisions people made when buying a home. I did things right and they want me to pay for that.
I also read an article about watching out for the repo-man. Since people also can't make there car payment because of the housing crisis. This is stupid, people bought a vehicle knowing they will not be able to afford there house. I guess I should pick up the tab on that one too.

5 comments:

marissa torres said...

lol sory I;am still laughing from the sascwatch strory but you know I agree with you however alot of people thought they would be able to refinance their mortages see they though the market would go up or stay about were it was they didnt think that that a 200,000.00 would be worth 130-150 at one or one and a half years after it was purchased. Now call me radical I dont want to pick upi the tab either however if these people claim bankrupsty and they can we will suffer more because that will bring the market down even more if you can belive it. Well thats my 2 cents lol take from it what you will. lol

Farmer Joe said...

Enough people have to "watch out" for the repo man that stories about "watching out" for the repo man are "news" ??? You know what this means? high demand for repo men!

I wonder how I could go about becoming a repo man myself..

mitchellsbrain said...

@farmer Joe, Have you seen the show, repo man: stealing for a living.
It looks very exciting but I think you almost need to have the same attitude as a bounty hunter. The guys are nuts and I little shady.

mitchellsbrain said...

@ Marissa: Putting all your money on black, planning to double your money is not a good idea. Either is buying a home expecting it to go up in value. It's all a gamble, and you should never bet more than you can lose.

marissa torres said...

LOL HUMM DID YOU SAY THAT CUSE i'AM A PROFESIONAL GAMBLER? LOL I'AM JUST KIDDING. I DO AGREE WITH YOU BRO!!!! ON THAT LOL