- Dec 24, 2000
Me too paid cash for my home! Screw this BS. Now is the best time to buy a home... They are going cheap! If you can find a home for 20-30K and it will need work and probably another 5-10K put back into it... WHY NOT DO IT? You own it. No payments. No DEBT !!! Screw these banks!Originally posted by: heyheybooboo
<--- Totally debt free since 2003
I don't know how you young chaps are going to do it, but yah better 'hunker-down'
There is only one reason why we are in this boat...
It's the Banks that LOANED out $$$$ To anyone and artificially raising the market because it gave people the power to SPEND more... Basically this was an illusion.
SO...... Now that the homes prices have started to fall back to reasonable levels. Buyer X see's his / her investment that was once worth 300K now it's worth 150K. Who in their right mind is going to keep making payments on a 300K piece of fucking paper???????????? Basically an IOU that is now worth 150K? I don't blame them I'd be walking too....
Now the banks want us to help bail them out? Screw em! That's the risk they took by lending out the $$$!