Quote:
Originally Posted by innerSpaceman
Oh pulease. My condo association fee is pretty fvcking close to a mortgage payment, and I own the thing. I know I'd likely pay more in maintenance for an SFR (not to mention way higher property taxes), but I hate having a condo that I must shell out mortgage-level payments for on a monthly basis.
|
I didn't say it was the same. I said it was pretty close. When I was looking at buying I did the math.
Quote:
Originally Posted by LSPoorEeyorick
Well, be glad that you don't have any room for ignorance in a several-hundred-thousand-dollar purchase. Lots of people aren't educated enough, or are ignorant enough, not to know better.
|
If they couldn't be bothered to do a little research, read one of the kazillion finance and home buying for dummies style books out there and bother to read the fine print and realize that when their rate adjusted they wouldn't be able to afford what they could barely afford, well I don't have sympathy for them. That they are losing their house? Ya, that fvcking sucks. But it's a huge amount of money and common sense should dictate to research before spending it. I'm not saying that the predatory lenders shouldn't be punished but I resent having to bail out those who bought way more than they could afford and that they knew that going in (if you can barely afford a house at $1500 a month what makes you think you can afford it when it adjusts to $2k a month with principal?)
Quote:
|
And they're encouraged to live the American Dream, considered a failure if they don't - and, yes, the predatory lenders pounced on them. Basically - be glad you're smart. .
|
You think that I don't feel like a failure because I have to rent while those around me are able to own? You don't think I feel like a failure because unless I have a dual income or some sort of miracle I won't be able to buy? You think I'm not encouraged to live the American Dream? I want that "white picket fence" It really sucks having a place that isn't big enough to have people over. It really sucks throwing away money on rent every month. It
is a feeling of failure every time I rent that rent check instead of a mortgage payment. What do I have to show for the $20k or so I pay in rent every year. Nothing. FAIL.