Delete comment from: Captain Capitalism
I bought a house in 2003, and with a modest income was approved for a loan of up to $550K - something that I knew to be a farce. I could never have afforded the payments and would have put my family into serious trouble. My real estate agent ( and my lender ) were pushing that range when looking for houses, claiming wage increases over time, the youth of myself and my spouse, blah, blah, etc. And had I not put my foot down I would be in a position to blame others as well - and would have been well-founded in my opinion.
But I didn't. I bought a house that I could afford and though we had agreed on payments, price, etc. I still wound up paying about 20% more than expected as a present when I signed the docs. I felt swindled even though I can well afford my house with fixed rates.
The whole thing is a racket, I can imagine how others could have been pressured as all of America is taught to 'get now' and pay later, never believing later will come. I'm responsible for what I owe, but not for what others owe and it angers me that making a right and fair decision for myself could be jeopardized by others.
I can afford my payment
Sep 18, 2008, 11:37:00 AM
Posted to The Blame Game