cute fuzzy bunny
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Another thread wrapped up via diversion regarding rodent like creatures.
Not eating those, either!!
At least Sarah's marmots sound a little exotic, maybe?
Not eating those, either!!
At least Sarah's marmots sound a little exotic, maybe?
CA, I respectfully submit that the borrower in the article IS feeling the pain now.. and that the things you list above do not help HER (except minorly the stimulus)..
MORE low interest rates and MORE down-payment assistance only perpetuate the very system/scenario that reeled her in (to everyone's loss). This is the debt pyramid I've been talking about.. they need to go out and find more ingenuous QVC shoppers as grist for the mill.
I don't view the demand as coming from the bottom at all ("customers demanded risky loans so we had to respond!"). I view the demand for more debt and higher rates at the top as a kind of vortex that sucks people (that aren't nailed down financially) up, up into the vacuum.
I'm trying to resist this--it's just too good a set up, but must be strong!
oops, sorry. It took me so long to compose that post I didn't realize that in the meantime the thread had been hijacked.
Financial suicide is similar to other forms of self-destructive behaviour (e.g. smoking, drinking, overeating, etc.).There may be some truly stupid people out there, but I suspect most are aware of what they are doing to themselves and for some reason refuse to stop until they do hit rock bottom. I just don't understand it.
Noooo, it's for the shareholders.. and the bondholders and the holders of mortgage-backed securities, and the hedge funds and the IBs and Fannie and Freddie and now the Federal government and ultimately the taxpayer to worry about, NOW.. isn't it!?!?!?
Because they all couldn't wait to make crappy zero-percent-down loans on 110% or even 120% of the sales price!!!!! How many exclamation points will do, here?
The best coat I ever bought is a Marmot shell with a zip-in vest liner. It's great to be able to switch between having a vest, a wind-resistant spring jacket and a winter coat all in one (sometimes you need all three of those in the course of a day in Minnesota).
Oh, and we probably charged it (to get the reward) and then paid it off by the next balance cycle.
I bought some yak gloves in Mongolia...here's my favorite "yak in black".
You can help get us back on track by post by posting pictures of hoary marmots
Since you asked....
didn't anyone ever say to her "you're living an unsustainable lifestyle, and you're going to hit bottom eventually"?