Off-Topic: Someone please tell me

Hopeville Pond Topics

(Hopeville Pond Specific)

0 messages

Updated

Off-Topic

Lakes Online Forum

84,091 messages

Updated 11/8/2024 10:28:12 AM

Boat Maintenance

Lakes Online Forum

5,204 messages

Updated 9/14/2024 10:10:50 AM

Hopeville Pond Fishing

(Hopeville Pond Specific)

0 messages

Updated

Jokes

Lakes Online Forum

4,172 messages

Updated 9/9/2024 5:04:44 PM

Sports

Lakes Online Forum

4,262 messages

Updated 11/6/2024 6:43:09 PM

Grilling & Recipes

Lakes Online Forum

2,979 messages

Updated 6/26/2024 5:03:03 AM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	Talullahhound -
	Subject:	Someone please tell me
	Date:	2/18/2009 8:45:27 PM

I'm sure there are some people out there that did all the right things and still ended up in foreclosure and bankrupt. At least that's what my BIL has told me about the people he's seeing.

But there is that segment that just bought over their heads and some who tried to speculate by dipping into their equity of their primary house. And I totally agree that it ticks me off that they would get any kind of bailout. Some of us have always been careful to buy what we could afford and didn't take low interest ARMs or any other creative financing.

I can only guess they are trying to keep the banks from having to take back anymore bad debt and trying to keep those houses from flooding the market.