spc wrote:Man you are blinded by hatred.
Like the old saying goes: "If you're not angry..........You're not paying attention!"
(fumbles for his coffee cup.....Is it dark in here?")
Freddy wrote: I don't know the name of who is to blame, but I know the one thing changed that led to these mortgage & bank issues. Whoever made that change is an idiot. The person that made it so someone could get a mortgage with no down payment was an imbecile, plain & simple. That one fact is the foundation to most all of this.
" Oh, good morning Sir! You'd like to buy a house? Well, of course we'll loan you $220,000, just sign here. Ohhh, don't worry, It will always be worth more than you paid for it."
I bought my first home some 6 years ago and one was allowed to use 55% of their income to qualify for a mortgage. When we bought our home 2 years ago we were allowed to use 75% of our income to qualify for a mortgage,
billw wrote:Man have times changed. When we bought our first home we needed 20% down because we were young and had very little prior credit and were only allowed 35% of our income.
stovepipemike wrote:The banks in those days were not greed driven,they were responsible and extremely conservative with other peoples money. Look at us now. regards, Mike
LsFarm wrote:Dev, you REALLY need to get a life.. you have posted something like 800-1000 posts on the subject of yor hatred for all that is Bush or Republican..
LsFarm wrote:Wipe the foam off your lips.. take a Valium,, several deep breaths.. and go hug your stove, or your wife or kids..
Devil505 wrote:billw wrote:Man have times changed. When we bought our first home we needed 20% down because we were young and had very little prior credit and were only allowed 35% of our income.
Yes...but you have to keep in mind Freddy that when you were young & bought you first home..........There were only three houses on the planet to choose from!
(Did you buy your first house BC or AD?)
billw wrote:Actually I'm Bill. Freddy is the other good looking guy on this board. Oh, and there were 5 houses back in the day.