So I'm urging all my readers to sign this petition against the proposed mortgage bailout:
Let people who made foolish investments take a hit, learn a little, move on, and let the housing market be more truly a market.
Let's face it, American society is pretty brutal. If you loose a job and/or have serious health problems, you're SOL. We don't even do a very good job of looking out for the health and education of other people's kids. Does owning property suddenly mean you deserve do be coddled?
Besides, the government never bailed out my 401k when it went down. So bite me!
3 comments:
I saw the bubble starting to burst two years ago and put my home up for sale immediately. One of the things that stayed my hand shortly, admittedly, was the realization that citizens would demand a bailout.
So did you sell, and if so, do you feel like you did the smart thing?
Oh yeah, I sold. And yes, it was the smart thing.
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