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Reply #9: not necessarily [View All]

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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-02-05 03:58 AM
Response to Reply #4
9. not necessarily
I think lots of people pay their bills and whatever money is left over, they go shopping with - lots of times buying things they do not need.
Of course I am thinking of people who are paying with cash. The principle might be the same with people who are maxed out on their credit cards.
I hold the consumers who make foolish choices at least as culpable as the CCC that take advantage of their foolish choices. Many get into these crunches due to a job loss, accident, divorce, or other catastrophe. Then the house that was once affordable becomes far less so. Still a little more prudence and saving would have kept their head from going in the CCC noose.
But like you said, that would not help the economy.
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