Quote:
Originally Posted by SP01715
True, but then these idiots took the equity out of these homes that they could not afford in the first place, and they bought boats, cars, vacations etc... Now some of these same idiots are taking these toys and are walking from the houses with their toys free and clear.
I have a vacation home in Lake Havasu and all of a sudden everyone was rolling around in 100k-500k boats a few years ago. Now none of them are out there because they can't afford to put gas in them. All of these idiots shoould lose not only their houses, but everything that was bought with the equity from them.
Those of us that were smart and did not make stupid decisions should not have to pay to bail out the idiots. My.02
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i'm beginning to think were the idiots. i should have bought a $1M home and refi'd it all the way up taking out cash and walked away with a couple million.
then they get to keep all that cash as the gov't passed a relief act exempting them from taxes on the forgiven debt. unbelievable.