Talk of The Villages Florida - View Single Post - Buying house out right
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Old 09-21-2017, 05:32 AM
rustyp rustyp is offline
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Well I slept on it and I can't believe it. I lived my life well within my means (one house, one wife) and saved 15%-20% of my income for 30 plus years for retirement. Now I discover the banks were giving out mortgages to people who worked at McDonald's and to seventy year olds on vacation homes no less without being backed by life insurance. Then the market crashes - I loose - my finance guy says don't pull out. Yes it did - it will come back. Took a while - quite a while. The aforementioned groups get financial assistance or better yet get to walk away from paying on their obligations. Boy was I a jackass. Shame on me.