tag:blogger.com,1999:blog-693256921060044086.post722211455732363962..comments2011-10-18T23:44:30.798-07:00EGnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-693256921060044086.post-51760228853701360972011-10-18T23:28:47.914-07:002011-10-18T23:28:47.914-07:00What ever makes you feel better but we all know the truth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-693256921060044086.post-13453165841515813462009-07-04T11:01:19.822-07:002009-07-04T11:01:19.822-07:00Greed got the best of everyone, and sadly, the whole country pays the price.<br /><br /><br />I think in economic life, there is an evolutionary process. We work at McDonald&#39;s as a teen, maybe move up to a Denny&#39;s, go to a junior college and have a better job, all the time, making more $ as we go. We graduate from college and perhaps enter a corporate job, etc, etc. But we slowly build financial building blocks along the way. For some of these folk, they say even after college and a corporate job, I still can&#39;t afford the American dream, so they rent. That is fine, not everyone should buy into that. Having said that, some folks who do not have the $, who work at lower paying jobs, WANT that house, the BMW, the pool in the back yard, etc.<br /><br />These folks want to look rich. They only have an old Corolla budget, but want the Ferrari. They buy a home with no $ down, take equity out of their homes and spend like crazy. These greedy people who want to look rich who made a decision to live beyond their means are doing us all in. Now, they are the same ones who are seeking help. <br /><br />These greedy people are now walking away from their homes, trashing it along the way, and could care less. It cost them nothing to get into the house, and it cost them nothing to get out. They have no $ invested, so who cares? They are underwater, so it&#39;s not worth it.<br /><br />I wonder if, when these people go to Vegas and roll the dice and lose the $, do they say to the casino, &quot;I didn&#39;t win, so I want my money back?&quot; IMHO, they bought the house, and even if it is underwater, they need to continue to pay for it. <br /><br />Greedy real estate agents, greedy wanna-be home owners, greedy banks, they all drove American into the ground. I am not just talking EG, but al of America. Such a shame how greed has destroyed this country, and on every level.Anonymousnoreply@blogger.com