I have been renting for thirty years because I couldn't afford a house. It was evident that I still could not afford a home in the area I wanted to live, no matter what the fancy loans offered between 2002 and 2007. It's simple: I looked at my salary and I looked at the price of homes. No need to read any loan document. So guess what, I didn't buy a house.
So now, according to this article, it is my moral obligation to subsidize with my falling 401[k] and taxes not only Wall Street insanity but also consumer buying insanity.
Bailing out people who bought what they could not afford is no different than bailing out the financial institutions who destroyed a whole economy because of their greed.
Please, enough with the "victim" model of looking at life. Why is it always the fault of others? When will Democrats and Republicans, liberals and conservatives finally mature beyond pointing the finger at each other?
There is no they or them responsible for my misery. There is only "we," and it is only when we look at ourselves and take responsibility for our own lives that the planet will heal.
Los Angeles, CA
May 19 2009 - 8:03pm