Quote:
Originally Posted by ilovetv
It continues far beyond the housing collapse--borrowing to spend money you don't have. Congress needs to have its "credit card" CUT UP by us....abolishing the tax code and replacing it with a simpler, more flat tax system and one that rewards saving instead of punishing it.
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I would love to know how many people who have been foreclosed on fall into the "treating the house as an ATM' category versus someone being convinced they by a bank they could afford more than reality, versus someone who just had the bad luck of buying just before the bubble burst.
Loan officers are often judged on the QUANTITY of loans, not the quality of them.