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?