Comments on: Thanks so much, everybody… /snark http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/ I used to be in the middle, but they keep moving the line! Mon, 15 Mar 2010 00:12:48 +0000 http://wordpress.org/?v=2.0.5 by: kreiz http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140578 Tue, 23 Sep 2008 15:48:52 +0000 http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140578 It upsets me too, PM. You try to do the right thing, avoid debt, save money- and get pummeled anyway when the whole house of cards comes tumbling down. Where's the reward in doing the right thing? It upsets me too, PM. You try to do the right thing, avoid debt, save money- and get pummeled anyway when the whole house of cards comes tumbling down. Where’s the reward in doing the right thing?

]]> by: Ed T. http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140517 Mon, 22 Sep 2008 19:26:14 +0000 http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140517 Polimom - I think a large part of the problem is the perception of 'irresponsible borrower'. Most of them are seen as lower-income, probably minority, or else younger folks who tried to climb the ladder to success too soon, too fast. OTOH, the real problem (as I see it) was with a group of real-estate speculators (known commonly as "flippers") who bought properties with the intent of turning them around ("flipping") them before the note came due. The areas where this behavior was prevalent (Calif, NV, MI?) was where the sub-prime 'crisis' first showed up. Unfortunately, the problem simply wouldn't go away, and ended up dragging down more and more (sort of like a financial singularity.) Ultimately, I think we need to re-think the whole reason behind home ownership. While touted as "the American dream", in reality it has turned into a nightmare for many. Seen as a way to build wealth rather than secure a roof over your head, too many folks have been 'encouraged' to over-extend themselves - with potentially catastrophic results. ~EdT. Polimom - I think a large part of the problem is the perception of ‘irresponsible borrower’. Most of them are seen as lower-income, probably minority, or else younger folks who tried to climb the ladder to success too soon, too fast. OTOH, the real problem (as I see it) was with a group of real-estate speculators (known commonly as “flippers”) who bought properties with the intent of turning them around (”flipping”) them before the note came due. The areas where this behavior was prevalent (Calif, NV, MI?) was where the sub-prime ‘crisis’ first showed up. Unfortunately, the problem simply wouldn’t go away, and ended up dragging down more and more (sort of like a financial singularity.)

Ultimately, I think we need to re-think the whole reason behind home ownership. While touted as “the American dream”, in reality it has turned into a nightmare for many. Seen as a way to build wealth rather than secure a roof over your head, too many folks have been ‘encouraged’ to over-extend themselves - with potentially catastrophic results.

~EdT.

]]> by: Polimom http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140494 Mon, 22 Sep 2008 14:23:59 +0000 http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140494 Yes, John. That's exactly how. Yes, John. That’s exactly how.

]]> by: John http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140493 Mon, 22 Sep 2008 14:22:11 +0000 http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140493 I am in a paid for house with zero dept. How will I be rewarded for responsible. Higher costs that's how I am in a paid for house with zero dept. How will I be rewarded for responsible. Higher costs that’s how

]]> by: U-Know http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140440 Sun, 21 Sep 2008 21:06:32 +0000 http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140440 take 1/2 that money we are giving away, get rid of insurance companies and spend it on health care. take 1/2 that money we are giving away, get rid of insurance companies and spend it on health care.

]]> by: U-Know http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140439 Sun, 21 Sep 2008 21:05:28 +0000 http://www.polimom.com/2008/09/21/thank-so-much-everybody-snark/#comment-140439 Add to that the money going to subsidize ethanol pants that are closing as soon as the company gets the government money…or companies taking subsidizes selling at a profit, taking the money and running. Stop the bail outs and the subsidizes...and we may become a strong nation instead of lazy , apathic, Irresponsible group we are becoming (not that I am bitter or anything) Add to that the money going to subsidize ethanol pants that are closing as soon as the company gets the government money…or companies taking subsidizes selling at a profit, taking the money and running.
Stop the bail outs and the subsidizes…and we may become a strong nation instead of lazy , apathic, Irresponsible group we are becoming (not that I am bitter or anything)

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