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Reply #64: Not everyone screwed up..... [View All]

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tpsbmam Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-18-09 08:26 PM
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64. Not everyone screwed up.....
I'll use my neighbors as examples. They could well afford their house when they bought it. Then he lost his job through no fault of his -- the boss was a total nut and did some incredibly sleazy stuff, including my neighbor's paycheck bouncing a couple of times (this despite the fact that the boss/owner was living the life of the rich man he is). Lots of people have lost their jobs due to layoffs -- what did they do wrong? If they bought a modest home they could afford 10 years ago and now can't pay the mortgage through no fault of their own, what did they do wrong?

My neighbor had to work two jobs (one full-time and one part-time) after that and still didn't make what he had with the one job, for which he was recruited and moved here. His wife also worked 40+ hours per week when she could -- they have young children and she wasn't always able to due to childcare costs (wasn't worth it to work if they had to pay full-time childcare -- she doesn't make enough). But there were times she worked at night and he worked during the day and she had more than one job when he couldn't land a second job -- she rarely slept since she was taking care of the children during the day.

Like many people in this economic fiasco, they bought a house they could afford and, due to economic realities, they now can't afford it. He has now moved 4 hours away to take a job in his profession but still only makes enough to cover the mortgage and her car payment -- there are some little realities like food for the children & heat that make them currently late on most of their bills. He now makes 35% less than he did with the original job. He better get a second job soon or they're screwed -- he's been looking but hasn't found anything yet. There's lots of competition for the crappy part-time jobs he's been applying for.
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  -So... If you screwed up, you get bailed out. If you didn't---ZIP. panader0  Feb-18-09 02:08 PM   #0 
  - Anybody can apply for adjustment  sandnsea   Feb-18-09 02:10 PM   #1 
  - An if your morgate is less than 31% of you income because you are frugal?  tk2kewl   Feb-18-09 02:15 PM   #4 
  - Further, even if this is the case and you aren't "troubled"...  Oregone   Feb-18-09 02:22 PM   #10 
  - That's assuming I would spend it rather than save it until I had a good reason to spend it.  tk2kewl   Feb-18-09 02:39 PM   #19 
     - Hell, we just "borrowed" $250 billion in tax cuts on this hope  Oregone   Feb-18-09 05:08 PM   #53 
  - if it helps the housing market, then you will benefit too  CreekDog   Feb-18-09 02:26 PM   #12 
  - not saying i would trade places...  tk2kewl   Feb-18-09 02:32 PM   #13 
  - There are places where that's impossible  sandnsea   Feb-18-09 02:47 PM   #26 
  - Well I live on Long Island, NY  tk2kewl   Feb-18-09 02:51 PM   #30 
     - Bought the first home in 1990?  sandnsea   Feb-18-09 02:53 PM   #32 
        - as I said... there was some luck involved...  tk2kewl   Feb-18-09 02:56 PM   #35 
           - And someone who is 25 or 30?  sandnsea   Feb-18-09 03:01 PM   #38 
              - I don't doubt there are deserving scenarios...  tk2kewl   Feb-18-09 03:06 PM   #42 
  - There is NO bail-out club for anyone but The Banking Industry. The interest rates will be ...  ShortnFiery   Feb-20-09 06:57 AM   #79 
  - What income? I don't have one at the moment.  panader0   Feb-18-09 02:19 PM   #7 
     - I didn't do anything wrong either  sandnsea   Feb-18-09 02:43 PM   #24 
     - I hear you. I work in (what used to be) construction, too, here in Texas.  Saphire   Feb-18-09 05:50 PM   #56 
  - Sad but true--but a falling tide will take down all the boats, I guess, so  TwilightGardener   Feb-18-09 02:10 PM   #2 
  - The problem lies where their screw-ups are effecting all of us  liberal N proud   Feb-18-09 02:12 PM   #3 
  - Try being a renter - we're completely ignore over and over again  Cronus Protagonist   Feb-18-09 02:17 PM   #5 
  - Agree totally. How about a freeze on rental rates for a year or so.  panader0   Feb-18-09 02:23 PM   #11 
  - I want nationwide rent control  Cronus Protagonist   Feb-18-09 03:15 PM   #46 
     - LOTS of landlords are nowhere near being "rich bastards"...  dysfunctional press   Feb-18-09 03:43 PM   #51 
        - Thanks for defending us. I own several rentals. I charge reasonable rent, keep  NC_Nurse   Feb-18-09 05:19 PM   #54 
        - 99 percent of 'em are nasty thieves  Cronus Protagonist   Feb-18-09 09:03 PM   #66 
           - 99%??? hardly.  dysfunctional press   Feb-19-09 08:35 AM   #70 
              - haha... you betray your judgmentalism  Cronus Protagonist   Feb-19-09 12:25 PM   #75 
                 - "99 percent of 'em are nasty thieves"...and I'M the one with judgmentalism issues???  dysfunctional press   Feb-19-09 08:47 PM   #77 
  - Try being a childless unmarried renter with no debt and a job  Rabrrrrrr   Feb-18-09 02:32 PM   #14 
     - Add to that, the job isn't high paying  The2ndWheel   Feb-18-09 02:43 PM   #23 
     - high five  ozu   Feb-18-09 02:54 PM   #33 
     - Oh, we're buying houses all's just that they're somebody elses.  MilesColtrane   Feb-18-09 05:53 PM   #57 
        - LOL! Your post makes me laugh, while also making me cry.  Rabrrrrrr   Feb-18-09 07:45 PM   #63 
           - "adjustments on our rent for tax deductions our landlords get for the "home improvements" they do.."  dysfunctional press   Feb-19-09 08:43 AM   #72 
              - I understand both, but thanks for asking.  Rabrrrrrr   Feb-19-09 03:19 PM   #76 
  - The problem is that the people who screwed up are pulling us all down with them because of how  Pirate Smile   Feb-18-09 02:17 PM   #6 
  - The #1 PEOPLE who screwed up is THE BANKING INDUSTRY, yet we don't demand punishment for  ShortnFiery   Feb-20-09 06:53 AM   #78 
  - hang in there  Fireweed247   Feb-18-09 02:19 PM   #8 
  - I want my free boat ride on the Hudson, dammit!! It's not fair that I miss out because I fly safely!  TahitiNut   Feb-18-09 02:20 PM   #9 
  - invalid analogy  tk2kewl   Feb-18-09 02:35 PM   #17 
  - Turn in your "Metaphor Police" badge. You don't seem to be qualified.  TahitiNut   Feb-18-09 02:40 PM   #20 
     - how is that?  tk2kewl   Feb-18-09 02:43 PM   #25 
  - ROFL  leftstreet   Feb-18-09 02:36 PM   #18 
  - ...  blondeatlast   Feb-18-09 03:13 PM   #45 
  - Yep thats a DUZY for sure  NNN0LHI   Feb-18-09 05:53 PM   #58 
     - Arigato, Donsan.  TahitiNut   Feb-18-09 09:48 PM   #67 
  - A parallel situation is college financial aid. Work hard and save up and you get squat. Spend  T Wolf   Feb-18-09 02:34 PM   #15 
  - I have to admit feeling like this is killing the chance for others  hlthe2b   Feb-18-09 02:35 PM   #16 
  - The real punishment will be when it comes to time to pay back what  neverforget   Feb-18-09 02:47 PM   #27 
  - I'm upset too  Tyrone Slothrop   Feb-18-09 02:41 PM   #21 
  - I feel the same way you do.  taught_me_patience   Feb-18-09 05:20 PM   #55 
     - In the same boat here. I feel "screwn".  Saphire   Feb-18-09 05:54 PM   #59 
  - Where did you get that information from? The MSM? The GOP?  Barack_America   Feb-18-09 02:42 PM   #22 
  - See post number seven.  panader0   Feb-18-09 02:48 PM   #28 
     - So what are you expecting?  Barack_America   Feb-18-09 02:56 PM   #34 
        - How about one of those "shovel ready" jobs?  panader0   Feb-18-09 03:02 PM   #39 
           - The Census is hiring.  Barack_America   Feb-18-09 03:06 PM   #41 
  - As a new social security recipient, I get a one-time $250 check.  Blue_In_AK   Feb-18-09 02:49 PM   #29 
  - You're complaining?  sandnsea   Feb-18-09 02:51 PM   #31 
     - No, I'm not.  Blue_In_AK   Feb-18-09 02:57 PM   #36 
  - Define screwing up. I'd say using your license to create money out of nothing  Greyhound   Feb-18-09 02:58 PM   #37 
  - Hey - it's your patriotic and social duty to be happy about it. Maybe your turn will come...  jmg257   Feb-18-09 03:03 PM   #40 
  - It was emphasized that this is for "the middle class" not people who bought Mc Mansions.  ShortnFiery   Feb-18-09 03:09 PM   #43 
  - What is "preyed upon"?  panader0   Feb-18-09 03:18 PM   #48 
     - The rich who started this mess are getting billions of our money  Robbien   Feb-18-09 06:32 PM   #62 
  - k/r  emilyg   Feb-18-09 03:11 PM   #44 
  - I'd rather that my neighborhood not be littered with rotting foreclosures myself, so I applaud this  blondeatlast   Feb-18-09 03:16 PM   #47 
  - Take from the responsible and give to the stupid/greedy.  Lance_Boyle   Feb-18-09 03:30 PM   #49 
  - I get what you are saying and I am in the same boat.  Lost in CT   Feb-18-09 03:33 PM   #50 
  - that would be correct  Skittles   Feb-18-09 03:58 PM   #52 
  - Moral's not just for Wall Street now.  MilesColtrane   Feb-18-09 05:59 PM   #60 
  - Those who screw up must always be punished, right?  treestar   Feb-18-09 06:03 PM   #61 
  - Not everyone screwed up.....  tpsbmam   Feb-18-09 08:26 PM   #64 
  - Get zip? I have heard if the house next to me goes into foreclosure the value of mine goes down 9%  NNN0LHI   Feb-18-09 08:29 PM   #65 
  - They'll probably all be section 8 homes before it's over  Mr. Hyde   Feb-18-09 10:04 PM   #68 
  - Yes, it's known as a 'moral hazard'.  riverdeep   Feb-18-09 11:21 PM   #69 
  - Exactly. I'm in a 4-engine DC-7B. Engines #1 and #4 are on fire ..  DemoTex   Feb-19-09 09:11 AM   #74 
  - It's kind of a mess and not exactly fair  adamuu   Feb-19-09 08:38 AM   #71 
  - You must not live in a neighborhood littered with  sufrommich   Feb-19-09 08:46 AM   #73 
  - I understand your concerns, but rethink your position.  olegramps   Feb-20-09 07:46 AM   #80 

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