PINKBUNNIESLIPPERS

Blowing off a little steam here....

Say your neighbor buys a grand luxury car. You buy a Saturn. They bath in the luxury of their grand car. You get to where you have to go and get good gas mileage. They can't pay their car payment anymore. You can. They scream. They bawk. "It was over priced to begin with" You muddle along in your Saturn still getting where you need to go and have a little change left over for a new pair of shoes. Now your neighbor wants you to kick in to help them keep their car. How do you feel about that? Do you say ok, I know I bought what I can afford and was smart so yeah I will help you keep your luxury car. Do you say WHOA big fella, why didn't you buy a Saturn like me - what the &^%$ were you thinking?

Sorry. Maybe it is being in the banking business and dishing out credit analysis' and determining what people can actually afford and what isn't good for us (the lender) or them (the consumer) that this drives me so crazy. The housing market that is. We bought what we could afford no more no less. It's the size of a postage stamp but unlike co workers of mine that now say they can't keep up with their payments and they CAN'T AFFORD MILK FOR THEIR BABY (but dang their granite counter is pretty)we are squeaking by even with MR PBS laid off.
But I have a solution for the McMansion buyers.
You can't afford you luxury pad anymore? How about the bank starts a program within that takes their foreclosed homes and offers a downsized bank owned house (fixed rate mortgage with no inflated home value) as an alternative?
I think it's a brilliant plan. It helps the homeowners still have a home. The banks unload a property. And the taxpayers are spared. Don't be hatin on me as we all have opinions but I am feeling over taxed and over stimulated. And my rule is you can't complain unless you have a suggestion!