tag:blogger.com,1999:blog-1439538898482791498.post6515337116313860069..comments2023-06-13T08:59:55.419-05:00Comments on HomeOwnerGoneMad: Because We Can Doesn't Mean We ShouldTrey Bowdenhttp://www.blogger.com/profile/02434159629781907846noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1439538898482791498.post-64886341780970264012008-09-30T09:19:00.000-05:002008-09-30T09:19:00.000-05:00One word: AMEN!!! I completely agree with you. We ...One word: AMEN!!! <BR/>I completely agree with you. We live in a credit happy country and somewhere along the way lost track of our spending. I think this financial crisis has a silver lining, and that's that we have a stark reality in our faces. We work hard but we forgot how to save along the way. These restrictions are going to have to be enforced if we want to see the light of day again. It's so terrible to see these people lose their homes but some of these folks are responsible for this mess. I helped some friends of mine buy a new home and sell their old one, they had no dp, no money for closing, and they had to use the money they got from the sell to pay off debt. I was terrified for them, but they insisted this is what they want. One of my fellow agents said, "We aren't in the business of doing what WE want."Anonymoushttps://www.blogger.com/profile/16060504372802331963noreply@blogger.comtag:blogger.com,1999:blog-1439538898482791498.post-31881216493986019112008-09-26T16:42:00.000-05:002008-09-26T16:42:00.000-05:00It comes as no surprise that the American people w...It comes as no surprise that the American people will try to get something for nothing if someone tells them they can get away with it. I knew the system was screwed up royally a few years ago when I refinanced my home. I bought my house in 1986 for $49,000 which was just a little less than its appraised value. When I refinanced to get a lower interest rate, I was told I could borrow almost $100,000 on my $49,000 house. Why wouldn't I want to do that. Think of all the good things I could buy or do with that money. Somehow I was able to resist the temptation and by making twice a month payments I will soon have my mortgage paid off just in time to get ready for retirement. So as you said, just because we can doesn't mean we should.sepherimhttps://www.blogger.com/profile/05227711405509800771noreply@blogger.com