Yeah. I got hit by the crunch. My landlord got foreclosed upon and I had to move my family out of pocket. Here's the problem... people who couldn't afford houses bought houses. People who shouldn't have lent them the money lent them the money.
But why did THAT happen?
Because we've heard for years and years that the minorities and poor are being denied the right to the American dream. They are being discriminated against and are not being afforded the opportunity to purchase homes. Year after year after year after year after year after year we heard the same thing.
The housing lenders were catching flack. The mortgage companies were given subsidies, the government stepped in and influenced the formerly free market to tailor it to a state where the downtrodden could get what those rich folk had.
Ok... recapping from previous posts:
- Don't litter
- Don't be snarky
- Do your homework
- Know what you can/cannot afford
Government is always there to bail you out.
Trust the government... trust the government... trust the government... ..... ... ..........
Big Brother will make EVERYTHING alright.