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View Poll Results: Should taxpayers subsidize McMansion purchases?
Yes, I think buyers in danger of default should have their mortgage principal reduced. 7 14.00%
No, I don't think buyers in danger of default should have their mortgage principal reduced. 36 72.00%
Not sure. 1 2.00%
I will need more information before expressing my opinion. 6 12.00%
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Bring back debtors' prison.
Old 09-28-2008, 10:10 PM   #21
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Bring back debtors' prison.

And chain gangs. Haha living in a 500 sq ft apartment does not like to pay huge taxes for some a-hole's mcmansion.

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Old 09-28-2008, 10:13 PM   #22
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It's starting to get real ugly in my neighborhood. One of the renters found out the owner stopped paying on the mortgage months ago (still cashed the rent checks, though) so he stopped sending the rent checks. They are going to move out in a week or two and let their Dad live there (squat) until someone comes by to kick him out. There is a sense from people in the 'hood that everbody "made out" except for themselves.
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Old 09-28-2008, 10:21 PM   #23
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Originally Posted by cute fuzzy bunny View Post
That raises an interesting question: what happens when everyone stops making their credit card payments?
Apparently the fed will bail them out too like they do with all the other financially irresponsible people.
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