Quote:
Originally Posted by graciegirl
Boomer. As usual, when I am worried about something I scan and partially get it and then jump to some not logical conclusion. I got as far as some 84 year old man signed for an A.R.M.
Too damn bad. He signed.
When we were just married, we had stayed home and saved before our marriage to buy our first house at 20 percent down. It was drilled into our heads. Get a house. Be practical. Live within your means. Even as poor as I am in economics, I had fear 101. Who would do something as risky as using a flexible rate mortage??
Now everyone jump on me. I feel hateful today.
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Oh GG,
You could never be hateful. Well, not without good reason, anyway. The system failure in this is what makes me hateful. Really hateful. This poor man was not the man he once was. His thought processes just were not there as they once had been. There is so much of that kind of thing that happened, too, in all this.
Then there were the Barbie and Ken couples who thought it would never run out, not the jobs, not the equity. They were clueless and shallow and nobody had every taught them like we were taught. They should have known better. I am really feeling hateful toward Barbie and Ken. And the houses they are walking away from are taking out their neighbors' investments.
Remember when you used to have to qualify for a mortgage. Well, they did something in this one called "stated assets" -- in other words, just tell us whatever so we can charge you some enormous fees and send you on your way and repackage that mortgage and sell it out the back door to investors. And we have made our money and who cares? They did it because they could. All the way around.
And you know what else is making me feel pretty hateful, too? Those golden parachutes. How about absolutely no parachute. (Wow! I am getting more hateful by the minute here.)
And the hatefulness, as you and I both know, is because we did it right but that does not count anymore.
Boomer the Hateful, Oh my!
And I still cannot figure out the (little red censored sign thing) spellcheck on here. But that does not make me nearly as hateful as being awash in all this slop that I had nothing to do with.