Thread: Bailout
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Old September 30th, 2008, 03:10 PM   #13
smasheromalley
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Quote:
Originally Posted by BlooMule View Post
Right- I got my house in 96, saved up for two years, drove unbelievable piles of crap, shopped at secondhand stores, didn't go out to movies or dinner, just so I could save $20,000 at a time when I made $40,000/yr.

Even then, I had to settle for an ARM

Refi'd to a 30yr fixed in 05, glad I did even if it did eat up some equity.

But Joe Lugnutinstaller can get a $300,000 home and all that stuff that goes with it 4 years later, no money down. Used to piss me off, now i'm just a-laughin'

You and I wont be laughing if the gov't starts buy these mortgage securities and making deals with those people to "keep them in their homes"


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