fakemaster said:
It's been a hilarious year.
I'll see nothing from it because I didn't buy houses or have kids I couldn't afford. In short only irresponsible people gets breaks anymore.
this is what bothers me the most about the bailout plan.
Here is the scenario.
Both my neighbor and I buy into a nice gated community paying just under $300k. For the most part it is a dream home, my house my children will grow up in
5 bedrooms,3 baths, a playroom and a pool on a lake.
So I do what I thought was the responsible thing. I put a good chuck of money down so my mortgage is $125k.
This is an affordable price for the tougher times.
Mr neighbor buys in, puts the minium down, and then borrows $200k against the equity as our home values skyrocket during the boom.
Now he has a $475k mortgage.
Home values plummet to $200k.
He can get a loan adjustment from $475 to $200k because he has a "Bad Mortgage".
I get the "Rigid Digit salute" because my value is more than I owe, yet I put $175k of my hard earned money down.
Where is my bailout, my fair shair to help me for being responsible.
Now FEMA comes in and determines I am in a flood zone, after 4 years of building the house.
I need a new site survey,($150) what did my fucking h0use sink?? what is wrong with the original.
Oh and if I would have responded by August 1st they would have used the original survey.
I got the F U C K I N G letter October 1st, so thanks for the heads up.
I swear if I didnt have a wife and kids, I would not be in this place.
Natron