U.S. Cities  

Go Back   City-Data Forum > U.S. Forums > Illinois

Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 400,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 14,000 posts/day about local topics and you will see fewer ads. Within the last few months our forum was cited in an article in 15 newspaper and in a story on AOL's homepage.

Get a detailed profile of any city, county, or zip code:
      Search our forums (advanced):

Reply

 
Old 01-20-2008, 09:47 AM
Junior Member
 
Join Date: Jan 2008
3 posts, read 2,210 times
Reputation: 10
shoefareek is on a distinguished road
Default Will County has the highest Foreclosure rate

in Illinois. This information is from last Sunday's Chicago Tribune which quoted Federal and State databases. The main problem is people buying homes they can't afford. In an effort to leave more diverse neighborhoods and appear more affluent, people working 2 or 3 jobs to pay mortgages they can't afford. I do not feel sorry for folks who went out and got adjustable rate loans just so they can live in a 5 bedroom home. I know a couple where the husband is a paramedic and the wife a substitute teacher that purchased a 350k home in Will County appx 2 years ago. They are now in foreclosure and plan to move in with relatives. Why should the government bail out people who were trying to live above their means?

[+] Rate this post positively
Reply With Quote Quick reply to this message
 
Old 01-20-2008, 07:26 PM
Senior Member
 
Join Date: Mar 2007
247 posts, read 112,827 times
Reputation: 72
runninfiend will become famous soon enoughrunninfiend will become famous soon enough
Quote:
Originally Posted by shoefareek View Post
Why should the government bail out people who were trying to live above their means?
Simply: They shouldn't.

[+] Rate this post positively
Reply With Quote Quick reply to this message
Reply


Quick Reply
Message:

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads

Forum Jump

Go Back   City-Data Forum > U.S. Forums > Illinois

All times are GMT -6. The time now is 07:32 PM.

Copyright © 2005-2008, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8 - Top