Why do people feel they need the government to bailed them out of a foreclosure?
Question by tgs4x: Why do people feel they need the government to bailed them out of a foreclosure?
I have never lived beyond my means. I pay my bills on time including my mortgage. I have 3 neighbors who let their house go into foreclosure and yet they all drive the newest cars and have toys like boats and jet ski’s. And by the way they just got back from vacation in Hawaii. I think the government should reward homeowners who pay their taxes and mortgages on time. And don’t try to tell me these people were conned by loan companies. They knew exactly what they were getting into.
Answer by disgovernment
When banks WOULDN’T loan money to risky low income people, it was called DISCRIMINATORY.
When banks DID loan money to risky low income people, it was called PREDATORY.
You are correct. The government should NOT be involved with this at all.
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