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How can people complain if they lose their homes, and not pay a cent down payment?

Not that I would be happy for that, but the fact is not not ventured nothing gained! Why do people always wants something for nothing these days? None of these people will be financially ruined by this happening! The housing market is long overdue, to a correction, and support prices of fantasy with taxpayers' money is not the solution! Your thoughts? Not only that, but have been making payments in recent years that are probably less than it would cost to rent in the same area. "Oops, I did not know what that the balloon payment was! "Exactly – this is not the change in the market first and will not be the last. We can not throw money away, or guarantee investments around the country – That's why we should NEVER put all your eggs in the basket of money a wise man, or take out a loan that can not afford to pay until the end.

while I do not understand all the nuances of banking and mortgage industry. there are points of this whole debacle really ticks me off .. Last year we went to a seminar offered by some local bank in the first-time home buyers mortgages of time … was exciting to think we can do this, but homeowners need a good bit of $ aside for maintenance, taxes, emergencies, etc. that did the math and decided that it would not work for us at that moment .. and now I can say how grateful we did not get pulled into a inside news programs was a woman who earns $ 50,000 a year .. so she has two, not one but two mortgages to buy a house half a million dollars that certainly knew he could not afford. Why the hell we have to rescue her, I do not know.

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