amethusos* Wrote:
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> All one has to do is look at the huge foreclosure
> issue right now and see how credit was issued to
> irresponsible people. Most people in foreclosure
> are moos and daddios who felt that house and
> backyard were worth a huge-ass mortgage of well
> over $100K along with adjustable rate interests.
It was a moo theory of keeping up with the Joneses. What they forgot is that they had to repay what they borrowed. If duh lost his job, moo is SOL. Credit line gets taken out. Even more is owed. Yeah, baby!!!
> Then...they wonder how they got in over their
> heads. It is almost always breeders who try to
> tell me how I was stupid for being a renter. "I am
> a homeowner," was the smug remarks. I would
> quietly remind these idiots that they did not own
> shit as long as they were writing out those
> cheques to the bank or other lender.
I bet they are wishing they were renting. These moos bought those homes very very overpriced. Now, they cannot give them away. They freaking wish they had a head on their shoulders to calculate if owning a home was better than renting or the other way around.
> Young people are also often very stupid when it
> comes to credit. They whine how they were lured
> into getting charge cards a college with ice-cream
> parties and the like. Instead of maybe using the
> cards to charge textbooks and repay immediately,
> they party like there is no tomorrow or buy the
> latest threads. Yet, they cry how they were
> "tricked" and do not repay. My belief is how
> higher education is not producing smarter adults.
They are not learning much in college because they did not go there to learn. Their parents sent them there without knowing that the child is freaking useless. The only thing their child knows how to do is get knocked up and live with older parents like a looser.
> I know about credit and being stupid. I had to pay
> off a Citibank charge of over $3 grand that got
> sold to a debt lawyer. I got subpoenaed for small
> claims court. I had no clue at the time how the
> Statue of Limitations was up so I called to make
> payment arrangements to avoid going before a
> judge. In a way, I am glad I had to suffer and pay
> it off despite knowing later that I could have
> legally gotten out of it. I learned a horrible
> lesson despite the fact I used credit unwisely
> when my soon-to-be ex claimed to be sick and I
> paid for his medical care as well as some living
> expenses on charge cards when my salary even with
> the OT was not enough. I'd rather suffer now than
> later when it comes to Karma.
At least you did not have kyds who suck you dry. You can separate from SO and recover. Kyds? Good luck. Society expects parents to dump money into kyds and do not question.
> I get credit card offers in the mail and toss
> them. I have a couple of cards with very small
> limits to rebuild my horrible credit score. I get
> offers to raise my limit all of the time to which
> I say, "NO thank-you!!!" I am tired of Dems saying
> we must bail out these stupid home buyers. I
> certainly did not expect Uncle Sam to hand me
> money when I was paying the debt lawyers off!
Why bail out stupid people? Because they Had to own the largest shack on the street? If these people do not learn consequences, this country will fail. Kyds who always get bailed out by parents, do they get anywhere? Nope. Nor will these adults if Dems keep feeding them.