Part of all this is the mortgage problem, I remember when "they" were trying to shit me on a house saying that heres an introductory rate but it will go up, but then so do your wages so it should be no problem, and when the guy said he would approve me for up to a mil, with NO job, I about punched him in the mouth.
That was an insult to me, not a compliment on my credit score, I looked at him and said .."So your trying to kill me then?"
Then I expalined WHY that wouldnt make any sense along with the fact I'll live in an apt forever before I pay a balloon mortgage..
To this he said america wouldnt be in the problem its in now if more people thought like that. That was in 2006. What problem? They knew then what was comming bu tthey still kept doing it...
Im good now though. 2% fixed for 30. Never goes up.