Jekblad wrote:Going upside down on your first house makes you pretty aware.
I think there are people who are in a coma where they think they are being provided a "service" when they are actually paying for a product.
When it comes to borrowing money.
Yeah I'm aware that banks are providing a product, and I somewhat chuckle now when I reflect back to when it seemed like I was the only asshole on earth who didn't attempt to buy a house and I thought everybody else must be getting paid a huge salary in order to do so given the price of houses. Now I know what happened. Not even verifying income before giving somebody a loan? WTF? Writing in huge mortgage payment increases shortly down the road they know most people wouldn't be able to afford? WTF squared?
And what happened to the economy went way beyond home owners not reading the small print or trying to live beyond their means. Tons of people living within their means and not going into mass debt lost their job (and continue to) as collateral damage started by the banks with this bullshit.
And what does the government do as a result? Give the banks more money through taxes paid by those who they screwed with almost zero accountability or reform.
I don't know why anybody would defend banks' "products" at this point.
