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question everything
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Fri Jul-25-08 07:31 PM Original message |
A librarian making $50K bought a $550K house and now is suing |
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LostinVA
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Fri Jul-25-08 07:33 PM Response to Original message |
1. 50K would rent very little in some areas -- like where I live |
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question everything
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Fri Jul-25-08 07:36 PM Response to Reply #1 |
3. She is in GA, perhaps Atlanta, not sure.. (nt) |
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TomInTib
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Fri Jul-25-08 07:34 PM Response to Original message |
2. They're everywhere. |
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question everything
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Fri Jul-25-08 09:56 PM Response to Reply #2 |
28. I have been debating this issue here |
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pokercat999
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Fri Jul-25-08 07:36 PM Response to Original message |
4. Ya think she could have read a book about it ? |
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GreenPartyVoter
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Fri Jul-25-08 07:37 PM Response to Original message |
5. Actually in my area your every day regular house goes for almost that much :^( |
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bluestateguy
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Fri Jul-25-08 07:40 PM Response to Original message |
6. I have no doubt that there are a lot of predatory lenders |
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mrreowwr_kittty
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Fri Jul-25-08 07:46 PM Response to Reply #6 |
9. The majority of people who got suckered by these ARMs did not buy too much house |
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Warpy
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Fri Jul-25-08 07:40 PM Response to Original message |
7. I remember the motormouthed mortgage salesmen |
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Common Sense Party
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Mon Jul-28-08 12:07 PM Response to Reply #7 |
51. As for the class action lawsuit... |
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Warpy
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Mon Jul-28-08 01:25 PM Response to Reply #51 |
53. The point is to beggar the lawbreakers, IMO |
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mrreowwr_kittty
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Fri Jul-25-08 07:41 PM Response to Original message |
8. "This is not the kind of people who should be helped by the government." |
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Captain Angry
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Fri Jul-25-08 07:51 PM Response to Original message |
10. You'd need to be a finance major to understand the loans that were created. |
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aspergris
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Fri Jul-25-08 07:54 PM Response to Reply #10 |
12. people have a responsibility to do their DD |
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Captain Angry
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Fri Jul-25-08 08:00 PM Response to Reply #12 |
14. And who should they go to, if not the financial experts at their bank? |
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mrreowwr_kittty
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Fri Jul-25-08 08:07 PM Response to Reply #12 |
15. Really? You read and understood every one of your mortgage documents? |
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question everything
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Fri Jul-25-08 10:12 PM Response to Reply #15 |
30. All you need is the Truth in Lending Document |
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question everything
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Fri Jul-25-08 10:04 PM Response to Reply #10 |
29. When we first got married, 30 years ago, and started looking at buying a house |
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FedUpWithIt All
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Sat Jul-26-08 02:42 AM Response to Reply #10 |
34. I agree and disagree. I gave up a job as a loan officer because i could not intentionally mislead.. |
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aspergris
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Fri Jul-25-08 07:52 PM Response to Original message |
11. it's the "it's everybody's fault but the individual" mentality. |
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mrreowwr_kittty
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Fri Jul-25-08 08:12 PM Response to Reply #11 |
16. Gee, I'm so surprised you'd feel that way. |
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aspergris
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Fri Jul-25-08 09:15 PM Response to Reply #16 |
23. I agree |
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AllieB
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Sat Jul-26-08 01:32 PM Response to Reply #16 |
38. I think Milton Friedman rose from the dead and is posting here. |
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glowing
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Fri Jul-25-08 07:59 PM Response to Original message |
13. If she is in foreclosure, then one would assume that she has a credit |
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question everything
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Fri Jul-25-08 10:23 PM Response to Reply #13 |
31. We moved a lot and purchased several houses in several states |
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trashcanistanista
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Sat Jul-26-08 02:42 AM Response to Reply #13 |
35. The exact same thing happened to me. I was on my fourth |
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question everything
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Mon Jul-28-08 07:46 PM Response to Reply #35 |
54. People like that should be sent to prison |
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madaboutharry
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Fri Jul-25-08 08:35 PM Response to Original message |
17. The one home I owned by myself before I was married was a |
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Hugin
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Fri Jul-25-08 08:42 PM Response to Reply #17 |
19. Don't sweat it... |
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madaboutharry
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Fri Jul-25-08 08:48 PM Response to Reply #19 |
20. It does seem like an extreme case. |
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Hugin
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Fri Jul-25-08 08:55 PM Response to Reply #20 |
21. Yes, but the whole point of this is to place the blame on the individual.... |
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madaboutharry
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Fri Jul-25-08 09:05 PM Response to Reply #21 |
22. I don't mean sound harsh. |
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Hugin
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Fri Jul-25-08 09:24 PM Response to Reply #22 |
24. Likewise, here... |
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madaboutharry
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Fri Jul-25-08 09:36 PM Response to Reply #24 |
26. I see exactly what you are saying here. |
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Hugin
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Fri Jul-25-08 09:51 PM Response to Reply #26 |
27. I'm glad we had a good discussion. |
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AnneD
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Sat Jul-26-08 05:57 PM Response to Reply #27 |
43. Good call Prag..... |
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question everything
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Mon Jul-28-08 07:50 PM Response to Reply #19 |
55. There are many "anecdotes" like that |
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yellowdogintexas
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Fri Jul-25-08 11:15 PM Response to Reply #17 |
32. they sold her on the initial payment. They convinced her she should have the |
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AnneD
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Sat Jul-26-08 06:03 PM Response to Reply #32 |
44. Kudos to you...... |
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yellowdogintexas
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Sat Jul-26-08 06:55 PM Response to Reply #44 |
45. Thank you. I am definitely less stressed, but I miss the structure provided by |
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AnneD
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Sat Jul-26-08 07:34 PM Response to Reply #45 |
46. Good Luck.... |
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yellowdogintexas
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Sat Jul-26-08 08:39 PM Response to Reply #46 |
47. well well! I moved to Ft Worth in 1989 and have really enjoyed |
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ellenfl
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Fri Jul-25-08 08:36 PM Response to Original message |
18. my sister has a masters degree |
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LiberalFighter
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Fri Jul-25-08 09:24 PM Response to Reply #18 |
25. When a person needs cheat sheets then that doesn't say much |
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ellenfl
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Fri Jul-25-08 11:42 PM Response to Reply #25 |
33. so you're saying i should have memorized all of the |
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LiberalFighter
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Sat Jul-26-08 12:24 PM Response to Reply #33 |
37. No I wasn't saying that. I was saying that they are making it more complicated |
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ellenfl
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Sat Jul-26-08 01:43 PM Response to Reply #37 |
39. well, since i started in banking in the 1981, i would say |
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LiberalFighter
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Sat Jul-26-08 01:59 PM Response to Reply #39 |
41. I was thinking that they didn't want the consumers to really know either. |
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no_hypocrisy
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Sat Jul-26-08 05:19 AM Response to Original message |
36. Nearly two years ago, my clients were young, first-time home buyers. |
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Jim__
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Sat Jul-26-08 01:47 PM Response to Original message |
40. Call her stupid. Fine! But how did her bank qualify her for the loan? |
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northernlights
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Sat Jul-26-08 05:24 PM Response to Original message |
42. she owns part of it |
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Yavin4
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Sat Jul-26-08 10:58 PM Response to Original message |
48. We Rely Too Much On DEBT In Our Culture And Not Enough on WAGES |
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RainDog
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Sun Jul-27-08 12:39 AM Response to Original message |
49. She should know better than that |
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Cassandra
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Thu Jul-31-08 10:34 AM Response to Reply #49 |
57. Her mortgage broker should know better than that. |
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Xenotime
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Sun Jul-27-08 06:42 PM Response to Original message |
50. Maybe should could afford it at the time |
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CrispyQ
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Mon Jul-28-08 12:25 PM Response to Original message |
52. Many homeowners went with ARMs |
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Trillo
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Tue Jul-29-08 01:14 AM Response to Original message |
56. Perhaps. Create that desire, even if they can't afford to buy? |
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