No Free Lunch Homeowners Pay the Price too (credit, financial, closing)
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Interesting article about the binge spending we have all been on.
[SIZE=2]"This is the reason myself and others like me are happy that we are finally seeing some signs that the cleansing effects of a recession are here (whether or not anyone is willing to admit it). We have binged. Now we need to purge. We have spent, now we need to produce. This is a lifestyle, however, that will not be given up easily and without much pumping by the media, politicians and Wall Street. I’ll leave you with one final graphic and a thought:"[/SIZE]
From a previous post of yours: "But to get into debt of your own volition, then be able to just walk away-- how is that fair?"
LOL, did you have a change of heart
Oops! Maybe I wasn't clear. I was talking about closing the borders... and I am always consistent on that topic, as I am about a bailout for those who chose to gamble on housing, in any capacity. You roll the dice, you pay the price. As a taxpayer, I say "caveat emptor." And if they didn't... then why should the taxpayers bail them out?
Last edited by goodbyehollywood; 09-11-2007 at 07:42 PM..
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