More Vote Buying!
OK, I see yesterday that "they", whoever "they" are, that 24% of homeowners are upside down/underwater with their homes. OK, so what? If you live in the home and can make payments, then you stay there and wait it out. What's your problem? If you were dumb enough to get yourself into an increasing load payment (you know, the one you did not read or care about) then tough. Or did you fall into the trap thinking home prices would always increase? Missed the flip right?So, what is the real truth? There are two questions that need to be answered. ONE: How many people can make payments and just are mad because they cannot sell for a profit? TWO: How many must sell because they were dumb and now have to sell and are upside down/underwater? Until that question can be answered accurately it's all about buying votes at the expense of the taxpayer, otherwise known as YOU.
One more thing however. Has it occured to anyone that the second you cross the curb at the dealer with the new car you bought you are UPSIDE DOWN/UNDERWATER?
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