I have NO sympathy for this man. Buying property is an investment, when you make an investment you should be prepared to take risk. If you can't handle the risk then you shouldn't invest. Not all investments are failsafe. I remember when everyone was buying 2nd & 3rd homes expecting to flip them and make a huge profit. Well they got caught up in greed and eventually got caught holding the bag.The only people who I feel sorry for is all of the 1st time buyers banks suckered!
@imhotep1 When you signed for that loan you knew how much you were paying. It amazes me when all these people bragged about buying homes and overextended themselves. The Obama plan extends the time for you to pay up. The government is not going to pay for your mansion, oops, I meant your house. There are plenty of Americans who don't even have a house.
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I have NO sympathy for this man. Buying property is an investment, when you make an investment you should be prepared to take risk. If you can't handle the risk then you shouldn't invest. Not all investments are failsafe. I remember when everyone was buying 2nd & 3rd homes expecting to flip them and make a huge profit. Well they got caught up in greed and eventually got caught holding the bag.The only people who I feel sorry for is all of the 1st time buyers banks suckered!
TheSocialRevolution 1 month ago
Comment removed
imhotep1 1 year ago
@imhotep1 When you signed for that loan you knew how much you were paying. It amazes me when all these people bragged about buying homes and overextended themselves. The Obama plan extends the time for you to pay up. The government is not going to pay for your mansion, oops, I meant your house. There are plenty of Americans who don't even have a house.
imhotep1 1 year ago