I had to move back in with my parents for a little bit while i waited to ship off to boot camp (that was my solution).
no, people are at risk of losing their homes because they haven't secured the incomes necessary to keep making the mortgage payments. that could be an income issue (they haven't gotten and saved enough income), or it could be an outgo issue (they got more house than they could easily keep). it's no more the fault of those not extending unemployment benefits than it is my parents fault for not giving me an extra grand or two so i could have kept my townhouse.
but it is typical of the entitlement mentality. the government has already extended to these people 99 weeks of sustenance. that's a hair shy of two years. but no matter how much they are given, they complain because they aren't given more.
that's what you do to your fellow Americans when you put them on entitlement programs; you turn them from self-reliant individuals into those who blame others for not taking care of them better.
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We all know people who feel entitled, and they are a big part of the problem. Getting something for nothing is a disease that afflicts all of the "classes". Growing up in a world where there has always been a
govt sponsored fall back position has made us weaker.
I knew long before leaving home that if I was to do well, it was all on me. Over my many years I have observed others spending money as tho it was always going to be there. That is good for the overall economy, sure, but not for your personal economy.
The sad part of this current recession, I see some people losing their homes for no good reason.
One guy lost his job due to poor health, after racking up a lot of medical bills. He refinanced his house to pay his, and his wife's, medical bills, then couldn't make the payments. Two things were wrong in his case. First, he is a veteran, 2 tours in Vietnam, and could have gone to the VA for
his medical issues, plus gotten a lot of money in compensation for his illnesses that the VA presumes to be connected to agent orange. His wife's medical bills were only paid 80% by her insurance, but the 20% could have been paid for with just her income, if they hadn't refinanced the house to pay for his medical issues. He had/has earned benefits in the Veterans Administration that he still fails to use.
Another seemed to be a smart guy, but at the peak of the real estate mess, he refinanced his house, took the money out of his equity, and bought a new truck, a new minivan, and started a business. Too much optimism on his part. The 2 new vehicles were a waste, as he already had 2 fairly new cars that did not need to be replaced. His business failed, he lost the house, but he managed to play the system. They got divorced, put the house in his name, and walked away from it. His wife still had a clean record and a job, and they bought another new house on her credit score. This is a case where govt rules helped them play the system.
Another family filed bankruptcy, twice, leaving their bills behind, while living too well on credit cards. They actually sold a house at the peak of the market, had a lot of cash, and went thru it in about a year. Way too much optimism on their part.
If this current economic mess does anything good in the long run, it will have put unbridled optimism in its place, the "dustbin of history"...