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Reply #5: Many, like my family, were doing fine before the sharp increase in [View All]

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WildClarySage Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-13-08 04:36 AM
Response to Reply #4
5. Many, like my family, were doing fine before the sharp increase in
inflation and utilities ate our savings, ruined our budgets and caused us to start down the debt spiral. Having a mortgage is always an iffy proposition. You can't be 100% protected from job loss, medical debt and out-of-control inflation. There's no way to be safe from expensive home repairs like needing a new roof, or replacing a heating and cooling unit or repairing the damages from burst water pipes. Then there's the $500 gas bills, the increased grocery and consumer goods costs, and the budget-busting gasoline prices.

There's no 'living beyond your means' necessary for good honest people to get in over their heads, and if the feds won't protect us by keeping jobs local, the dollar strong, ignoring warning signs that predatory lending practices were becoming commonplace, then damn skippy they need to help us keep our roofs. They're the ones who fucked us!
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