04-11-2009, 12:55 PM
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Join Date: Nov 2005
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Quote:
Originally Posted by hordak
2 brothers raised in the same house by the same parent. Both brothers have the same size family and about the same income. Both decide to buy a home at about the same time.
Brother 1 looks at all the stuff the banks have to offer, Flex rates/ interest only, arm. etc. and decides to go with a 30 years fixed rate as knowing what the payment will be seems like a smart idea.
Brother 2 looks at all the stuff banks have to offer, flex rates/ interest only, arm. etc
and decided to go with some low at the beginning, jump up in 3 years because he thinks he will have a raise by then (instead his wife quits her job , he has another kid, and never gets the raise) he is on the verge of losing his home.
Who do we blame?
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according to popular opinion you blame Bush....afterall he caused the hurricane...the 9/11 attacks everything we are going thru today .. 
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