trrenter_IHB
New member
<p>I don't want to sound unsympathetic to anyone but we all make choices.</p>
<p>Each and every person that bought at this time, all bought into the hype an hysteria the market created. </p>
<p>I just recently purchased a new tv. I had several criteria. First of all was affordability. Could I afford the TV. I wanted to pay cash of course. </p>
<p>So first I set my price range then started comparing size, function and feature. Geez there were some TV's I really, really wanted but they fell out o fmy price range.</p>
<p>Now in the store they really put on a sales job. You can buy this one with 0% interest for 90 days it will only cost you an extra 20 bucks a month. Well sure after that the intrest rates go up. So by doubling the purchase price of the TV with interst over the payment period actually tripled or quadrupled the cost. I walked out with the TV I could afford and nothing more.</p>
<p>If I left with the other TV then the sales guy did his job. It is not necessarily their job to care for my finances, it is their job to sell. If they don't sell they lose their job.</p>
<p>The difference is that I couldn't take out any equity in my TV. So I knew what I wanted and what I can afford and that is all I bought.</p>
<p>Some of these people bought a house they couldn't afford with zero down. Instead of selling when the had 100k worth of "equity" they refied and bought a boat knowing they couldn't afford the new payment either. When more equity popped up did they get out and get into something they could "really afford" nope they refied and bought a motor home.</p>
<p>Now the bank will have slews of boats, motor homes, and houses because people got greedy.</p>
<p>If they could afford the house and the payments eventually the house will appreciate.</p>
<p>If they can swing another loan, I would go buy a house when the market hits bottom then let them foreclose on the other home.</p>
<p> </p>
<p> </p>
<p>Each and every person that bought at this time, all bought into the hype an hysteria the market created. </p>
<p>I just recently purchased a new tv. I had several criteria. First of all was affordability. Could I afford the TV. I wanted to pay cash of course. </p>
<p>So first I set my price range then started comparing size, function and feature. Geez there were some TV's I really, really wanted but they fell out o fmy price range.</p>
<p>Now in the store they really put on a sales job. You can buy this one with 0% interest for 90 days it will only cost you an extra 20 bucks a month. Well sure after that the intrest rates go up. So by doubling the purchase price of the TV with interst over the payment period actually tripled or quadrupled the cost. I walked out with the TV I could afford and nothing more.</p>
<p>If I left with the other TV then the sales guy did his job. It is not necessarily their job to care for my finances, it is their job to sell. If they don't sell they lose their job.</p>
<p>The difference is that I couldn't take out any equity in my TV. So I knew what I wanted and what I can afford and that is all I bought.</p>
<p>Some of these people bought a house they couldn't afford with zero down. Instead of selling when the had 100k worth of "equity" they refied and bought a boat knowing they couldn't afford the new payment either. When more equity popped up did they get out and get into something they could "really afford" nope they refied and bought a motor home.</p>
<p>Now the bank will have slews of boats, motor homes, and houses because people got greedy.</p>
<p>If they could afford the house and the payments eventually the house will appreciate.</p>
<p>If they can swing another loan, I would go buy a house when the market hits bottom then let them foreclose on the other home.</p>
<p> </p>
<p> </p>