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You seem to think because you had a down payment, had a job, bought a house you could afford, you "deserve" to be screwed over less by a falling housing market,
by istari 16y ago
You seem to think because you had a down payment, had a job, bought a house you could afford, you "deserve" to be screwed over less by a falling housing market, because you were "responsible".
Just the opposite! The migrant field worker who got a 0% down interest only loan on a 500K house is far less "deserving" of the screw than you, because he has no money to be screwed out of.
- stretchwithme 16y agosorry, I didn't mean to be insensitive. you don't deserve this mess, but we own the risks we take on. There's simply no other way to run a society. When the dot com bubble burst and I lost a lot of paper profits, that was unfortunate and unforeseen and I was responsible for the choices that got me there. It would have been nice if someone sent me a check for my losses, but how could the government do such a thing without making someone more responsible pay for my mistakes? And we don't deserve to have our government doing this to us, again and again, but we own that until we make it clear that they should stop. Its not China's responsibility or Saudi Arabia's. It ours.