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Old 12-06-2007, 11:16 AM   #1
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Default This is why I hate poor people.

http://www.msnbc.msn.com/id/22116043/


here's an idea, don't give low interest loans to retards and then go crying to mommy when things don't work out.
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Old 12-06-2007, 11:29 AM   #2
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I know its ******* absurd. Smart people use this time to buy lotsof stuff, and widen the gap. I know im buying soon, and as long as the market keeps declining its like putting money in my pocket
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Old 12-06-2007, 11:31 AM   #3
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Exactly dont make the rest of us pay to sure up the low rates of people who bought into houses at 250 or more % than they are worth and are using 70-80% of there income to support the mortage on the introductory rate. Loki come on you can't tell me the market is not blaoted and inflated. I am going no where near anything until i see a price i like not doing so is spending money out of your pocket needlessly.
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Old 12-06-2007, 11:31 AM   #4
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amen...or shalom
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Old 12-06-2007, 11:32 AM   #5
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no just amen, it doesnt work like that
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Old 12-06-2007, 11:33 AM   #6
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oh and happy Hanukkah guys
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Old 12-06-2007, 11:38 AM   #7
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Sorry to say it guys, but I love the way the US handle the economy. The more the $ is falling, the more go-fast-Miata-candy I get for my Euros.
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Old 12-06-2007, 11:44 AM   #8
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Where is the student loan vAPR outcry? This 14% on $54k is killing me.
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Old 12-06-2007, 11:44 AM   #9
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I love when the market starts falling.. I save a ton and buy a shitload of funds and stocks. Then the market comes back up.. and boom.. money
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Old 12-06-2007, 11:45 AM   #10
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Quote:
Originally Posted by Loki047 View Post
I know its ******* absurd. Smart people use this time to buy lotsof stuff, and widen the gap. I know im buying soon, and as long as the market keeps declining its like putting money in my pocket
no ****. If I weren't sending $600+ per month to student loans, I'd have a house with a lift in the garage.
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Old 12-06-2007, 11:50 AM   #11
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******* greenspan. he caused all this. dropped prime to like 4% and now we're all screwed and have debt up to our eyeballs.
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Old 12-06-2007, 11:51 AM   #12
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Quote:
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no just amen, it doesnt work like that
my appologeez, i is not familor with the joo words
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Old 12-06-2007, 12:04 PM   #13
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I love my new house.
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Old 12-06-2007, 12:25 PM   #14
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I want to come down there and buy a house, 300k+ for an old 800sq/ft condo up here is insane!
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Old 12-06-2007, 12:27 PM   #15
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LOL

Freeze the interest rate. Thats funny. Its just another reason to not invest in MBS anymore.
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Old 12-06-2007, 12:44 PM   #16
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no ****. If I weren't sending $600+ per month to student loans, I'd have a house with a lift in the garage.
Time for a better job
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Old 12-06-2007, 12:49 PM   #17
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At a certain point the poor/stupid people can start to bring the whole economy down. If this wasn't big enough then the gov. wouldn't step in.

You gotta think, the politicians have money to make also. No one benefits from a big economic recession (except Wallyworld).

I agree that it sets a bad precedent. I just bought a house w/ a fixed 5.84 rate. I don't expect the gov. to bail me out if I can't make a payment. I actually did my homework before buying.

Chris
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Old 12-06-2007, 12:52 PM   #18
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free market = government stay the **** away ********.
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Old 12-06-2007, 12:54 PM   #19
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Damn, good rate. My first is at 6 and some change. But I got the house well under market, so I'm not going to bitch about $50/month.
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Old 12-06-2007, 12:58 PM   #20
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6.5% with no down payment 7-ARM, better freaking pick back up before then so i can sell.
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