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Non-Cattle Specific Topics
Coffee Shop
Mortgage Bailout ?
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<blockquote data-quote="I luv herfrds" data-source="post: 564463" data-attributes="member: 5917"><p>Too many people who are living paycheck to paycheck then buying a house that is over priced and having no economic understanding.</p><p>Kept hearing some of the people interviewed talking about how much their payments went up.</p><p></p><p>What about those paying the interest only and nothing on the principle? They do that for a few years then they have to make up the principle later with an increase in payments. :???: What are they thinking? Oh yeah they are not.</p><p></p><p>A pretty sad situation. So many of these people are destroying their credit and now expect to get bailed out of their own mess. Personal responsibilty comes to mind.</p><p></p><p>Where is the money to bail out these banks going to come from?</p></blockquote><p></p>
[QUOTE="I luv herfrds, post: 564463, member: 5917"] Too many people who are living paycheck to paycheck then buying a house that is over priced and having no economic understanding. Kept hearing some of the people interviewed talking about how much their payments went up. What about those paying the interest only and nothing on the principle? They do that for a few years then they have to make up the principle later with an increase in payments. :???: What are they thinking? Oh yeah they are not. A pretty sad situation. So many of these people are destroying their credit and now expect to get bailed out of their own mess. Personal responsibilty comes to mind. Where is the money to bail out these banks going to come from? [/QUOTE]
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