Quote:
Originally Posted by Uberom
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If you have nothing, then why did you buy an 800,000 dollar house?
Learn to manage money and make informed decisions.
Maybe, in the future, the government will send you bigger welfare check so you can keep it.
FUCKING BADDIE.
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The bank has collateral. If they aren't ready to take over the house in case of default, they shouldn't be in the business. And the bank shouldn't have loosened their standards for extending credit. There's culpability on both sides.
Hell, my bank bent over backwards to get me into my current house. I had a decent sized personal loan with a family member that was going to extend for a year or so after I bought the house. Since it wasn't "on the books" per se, the bank ignored it. They looked at my income level and couldn't get a deal done quickly enough.
Do you have a mortgage, Private Pyle? Why? Why did you buy a house you couldn't afford to pay for in cash? Why did you need someone else's help to get you that house?
These are
rhetorical questions by the way. Lord knows I do enjoy your generalizations, so keep pumping them out!