Reply to What I don't get: When people complain that they are drowning because their house is underwater

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Reply to "What I don't get: When people complain that they are drowning because their house is underwater"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Let's help everyone who was wronged, or suffered some unforeseeable misfortune (and I do include job loss in there).  But bailing you out because you made a bad decision on a real estate purchase, and now want to move?  No freakin' way.  [/quote]

But let's go ahead and bail out the financial institutions that put us in this mess?  Sounds fair to me.[/quote]

Well, those corporate bailouts were made so the entire economy wouldn't tank.  Distasteful, but necessary, in my opinion, although I realize others may disagree.  But that's really not the issue here.

As I said, let's help people who were really wronged, or who suffered some unforeseeable misfortune and are having a hard time.  But "my house is worth less than I thought it would be," or "I can't sell my house for what I paid for it" do not, in and of themselves, constitute reasons to provide assistance to a homeowner.  How is this remotely ontroversial?  [/quote]

Yes, it was a necessary evil - the other alternative was to have ZERO economy. Can you imagine the moaning and groaning if that had happened?[/quote]

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