B5150
Legend
My compassion depends upon the mortgage that put them in this situation. If they very well knew that they could not afford the mortgage, despite the zero documentation, zero income verification, etc. etc., that they got into, then the fault is there own and we all have consequences to live with by making poor choices.what about someone working 2 or 3 minimum wage jobs who is losing their home. This is happening right now and its not from a lack of effort
Touching on the point that Easy made about working for it - I'm in a situation where I have been in my field for 20+ years and over those years I have gone from check to check. In the last several years I have been a little more prosperous, where at the end of the month there would be a few hundred buck left. But as my family grows and the cost of living increases that few hundred bucks is gone. Gas inflated, food and utilities inflated, kids needed braces, college expenses, gymnastics, etc etc.
Now this economy tanked. My hours at work have been cut to 40 hours. That is the bare minimum for me to maintain my lifestyle.
So here I am at 43yo working week to week living from week to week knowing that every other month or so I will be hit with a orthodontist bill, a college expense, and gymnastic expense, etc etc that will be a negative.
Now the sad part is that I have enough credit and a good enough credit rating (800+ for both me and the wife) that I could bury myself in debt and no one would stop me.
I am sitting on the fence (right now I am actually stripping wall paper border in my kids room
My mortgage is well within my means, I have one car payment and the usual house expenses to keep a family of 5 in food and clothes.
I'm stuck right fcking smack in the middle. My middle class income has been devalued because of the lower class being elevated to living a middle class life - which now they are defaulting on and screwing my net value even more. I cannot even qualify to file bankrupt because I have immaculate credit and I am making my payments.
I guess my point is that WORK is required on my part, whether that be school until I get a degree, or a second job until my debt is payed down - or both. But I don't want a bail-out nor could I even qualify for one. Work is required by anyone that wants something in life more or better than what they have been born into or managed to make for themselves.