Saturday, August 15, 2009
The foreclosure rate for home in America is now about 7%. Thats around 1 of 15 houses.
I would feel some pity for these folks, but I just can't bring myself around to any true empathy. They took out a major obligation of debt, and then lost the means to pay it back. Big deal, you give the shit back, take your lumps, and don't act too surprised when folks aren't all that thrilled about loaning you money.
The real problem here is one of perception. It would appear that folks think that when they sign a mortgage, the house is theirs. No folks, the house is the banks, you just get to live there, maintain it, pay the taxes, and mow the lawn until you pay the bank back its money.
You lose your job, you lose your ability to pay back the bank. But for Christ's sake, just suck it up and go find living arrangements that you can afford. There is no moral downside to living in an apartment, it is just less "nice". Who the hell told you that squatting in a subdivision, surrounded by other drones was your constytooshunal right?
You see, it is just living arrangements. It is of about the same moral importance as the underwear brand that you choose. Just because you get sold a bill of goods by some slick haired, big-toothed real estate slut doesn't mean that the house is directly related to your self worth or societal worth. Walk away if you have to and fuck the banks.
Because they will most certainly try to fuck you.
at 5:32:00 AM