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[GBBob]

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.

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