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Originally Posted by justindew
No. But I know a lot about economics. And I know that many economists would say that the only really "bad" economies we have truly experienced in America were the Great Depression and a period in the 1970s.
Even the recession of the 1990s was not bad. It was part of the normal economic cycle.
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What bugs me isn't whether you think the economy is "bad" or not...and relatively speaking...yeah, it is. It's how you dismiss those who are having tough times so casually..
So a small percentage of people who never should have owned homes to begin with are going to lose their homes. Big deal
If you purchased a home that you COULD afford with the intention of living in it for the duration, you have zero to worry about. This is a fact.
Now, if you stupidly purchased a home that you could not afford as an investment in 2005 and hoped to flip it to make a profit, you are probably going to get burned.
You tell me what's wrong with each of these..either morally or economically