Scott Stroz wrote: > Exactly...a 'reasonable' investment. But people who bought houses with > interest only loans so they could afford the $450,000 home on $30,000 a year > is not what I would call reasonable.
Caveat emptor. Yes, the banks share some responsibility for allowing that loan to begin with, but the buyer shouldn't be able to keep the property if they were the ones driving the purchase in the first place, especially with variable interest rates that could go up at any time. People need to be accountable for their decisions. I feel for those who made good choices and are now losing their income and unable to keep up because of external factors, but I have no sympathy for those that got in way over their heads and created this mess to begin with. -Justin ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289291 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
