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Old 07-09-2012, 09:54   #1
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Join Date: Dec 2010
Location: Texas
Posts: 1,685
slideshow about underwater homeloans

While reading some news, I landed on a slideshow about people owing more then their home is worth.

If you get time, go through the slideshow. There is one couple in their 80s, and they have a house note?

People With Underwater Mortgages - Business Insider

People were suckered into buying in a bloated housing market. Whos fault is that? They were not able to think for themselves and were scammed, and now they want to complain?

Someone buys a $250k home in an area where the average income is around $40k. Whos fault is that? The buyer, the bank, the person selling the home?

How can people buy a home they can not afford, and then complain about it?
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