conuly

Yahoo (and others) keep writing articles about people who have a $3000/month mortgage and can't pay it, and should they fight for their house or sell it. One was about a guy who was a low wage factory worker who was living in a $400,000 house and was successfully making payments (good for them!) but were so underwater on the mortgage that they couldn't move to an area where they could get better work. They wanted a government bailout to help them, and the article was about some political figure who is trying to organize bailouts for underwater mortgage holders. It's so frustrating. He can foreclose and ruin his credit for 2 years and then be in a better situation, or he can keep paying on the mortgage for the next 20 years and own the house. Yeah, wrecking his credit for 2-3 years would suck but that's what he (or anyone) gets if they can't follow through on the obligations they agreed to when they signed the paperwork. He doesn't need a bailout; he's got options! Sure, they aren't great options, but they are his choices. I don't like MY current choices either regarding houses and mortgages and all that, but I'm not whining to the media that my life sucks so bad. I only whine to LJ about that. :P

The recent economy made a lot of people change how they live and what choices they can and should make. But if you have food, work, housing and medical care, you're probably going to be just fine, even if it doesn't feel so great right now. Boohooing about vacation homes and private schools is just sick.