Foreclosure sob story of the morning
Nope, the MSM has learned nothing from the subprime debacle, stimulus-palooza, and the foreclosure frenzy. They are still printing sob stories to elicit sympathy for borrowers who don’t deserve it.
Check this out from the San Francisco Chronicle. Cue the world’s smallest violin:
Foreclosed family’s last goodbye to home
Joann Gardner sat forlornly on her living room floor, waiting for the final step in her home’s foreclosure process. The lender’s representative was due any moment to give her “cash for keys,” a transaction in which she would deliver her family home vacant in exchange for an incentive payment.
“I’m glad it’s done,” Gardner said wearily. “I just want to sit down and have some Hennessy.”
Only days earlier, the house had been jammed with boxes and bags holding the worldly goods her family had accumulated during 54 years in the cramped Oakland bungalow.
Now it was entirely empty, the possessions in storage or donated to the Salvation Army. Gardner’s elderly parents, both suffering from dementia and other ailments, had moved a week earlier to a local board-and-care home whose cost would be covered by their Social Security and pension checks. Gardner, who has been her parents’ full-time care provider for the past 18 months, planned to move in with her boyfriend in Vallejo and look for a job, perhaps something at Costco.
Buried into the article, after all the gnashing of teeth, we find out the nitty-gritty:
Joann’s parents, Johnnie Gardner, 87, and Estelle, 88, bought the two-bedroom in the Sobrante Park neighborhood in 1954 for $11,500. His salary as an electrician at the Oakland naval shipyard allowed them to make the payments.
But in recent years, Joann and her brother refinanced it several times for increasingly larger amounts.
The final refinance at the end of 2006 left the family owing $454,000. The monthly payments of $3,362 exceeded the household income of $3,144.
What happened to the money from all the refinances?
Gardner can’t quite say. Some went to paying off credit cards; some was eaten up in huge loan fees. What is clear is that the family has not made a mortgage payment since December 2006.
What the…?!?!?!?!
The money wasn’t going to her parents’ health-care expenses. She didn’t have a job. “Some” went to credit card bills. “Some” was “eaten up” by loan fees.
And the rest?
She can’t even cite some other catastrophic cost– or stupid decision like the Extreme Makeover family made — to explain how $454,000 was pissed away.
And I’m supposed to feel my heartstrings tugged?
All together now: Boo-freaking-hoo.
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I guess it was just those evil “predatory” lenders. Jerks…
454,000 DOLLARS??? Why do I feel like there is a bank account somewhere with a very large balance????
Not only all that you said, Michelle, but the bank GAVE HER MONEY to leave!
Unbelievable, I guess she’s going to use that money to buy more Hennessy.
What happened to the times when people were responsible for the bad decisions they made? If society cries tears for deadbeats and bails them out, why not become a deadbeat?
I do feel sorry for the parents. They worked hard to have a nice house. Probably wanted to pass it along someday to their kids. Their kids managed to just throw it all away. I still wonder what they blew the $454,000 on.
Boo-freaking-hoo.
Why do we subsidize stupidity? Both by the borrowers and the lenders.
Holy Cow!
Why are’t this woman and her brother sitting in a jail cell?
Enjoy that Hennessy! Maybe you’d like a little Courvoisier and a nice full body massage to help you forget your troubles?
Geez…
This is what passes for reporting in a major metropolitan newspaper? Two greedy and lazy adult children squander close to a half million dollars of their parents hard earned equity, and who knows where the money went? Only in a main stream print press, which is soon to go the way of the betamax.
Hennessy.
Maybe the kids were just sick of taking care of thier perants and decided to take the money, dump the perants, and in a few months be in thier own home. Methinks something stinks here. Mom and dad had a 454,000 home free and clear and 18 months later it forcloses due to a mortgage???? I smell a fraud.
I wouldn’t be surprised if she drove away from her lost home in a brand new SUV. I’m sure those boxes and bags also contained numerous DVDs, electronics, and atleast one flat panel tv. Why, oh why should we feel sorry for anyone who used their home as an ATM.
2 lessons have stuck with me in life:
1. If you can help it, never go into debt for something that depreciates in value.
2. Buy a home well within the means of ONE salary and work to pay it off within 15 years (not 30).
I’m 25 and I work towards these goals everyday. I have no sympathy for a grown person who can’t read the fine print, work for a living and take care of themselves.
Thanks, srhoardes. I should’ve known.
Ahhh, I feel so bad for morons that continually refinace their houses over and over again, my idiot sister in law is one of them that has refinaced her house 4 freakin times and is crying she can’t make the payments now, I told her “I have absolutley not sympathy for stupidity” morons squandering away what Dad worked so hard for, Boo-freaking-hoo too.
Perfect example of a scum daughter who basically stole from her parents. Now she has the b*lls to whine about it? My guess is she was taking expensive vacations, and living it up. Too stupid to realize the consequences of her actions. Well, the chickens came home to roost. SUCK IT UP lady. It’s one thing to see someone lose their home because of a catastrophic illness or the loss of a good job late in life. That is a tragedy. It’s quite another to borrow against the home and spend it willy nilly (w/o being able to recall what you spent the $ on).
No sympathy.
Yeah – I guess I don’t get it. The house was theirs – free and clear. You figure a mortgage payment of even $1,000 is an extra $1,000/month that they have to spend. $12,000/year. And that’s not enough?
I guess not.
Our property management place is jerking us around, so we have to move again – yipee. There is no bail out for us, no assistance to help hard working folk like my husband and I get a home we wouldn’t lose. We’re just shoved aside and ignored – like all the homeowners who buy what they can afford, pay on time, and don’t get the government to reduce their interest rate.
It ticks me off no end.
Methinks as well, saith Andy of Florida. For thus saith the small-time columnist for NorthFloridaNewsDaily.com: Make thou thy payments on time let thou and thy children and thy children’s children suffer the wrath of the evil mortgage avenger. Go now, and be responsible.
lol, too funny. flippin nit-wit gets a boo hoo story write up… give me a break.
My wife – who’s in real estate just got an interesting statistic.
76% of all people in forclosure never contacted their bank.
It’s just easier to ignore it or walk away.
Hope they enjoy their giant plasma screens and Lexus’ in their new apartment.
This smells of fraud. I think the kids basically went on a spending spree at their parents’ expense.
I don’t know. I’ve seen people like this who get addicted to a “lifestyle” (no matter what kind) and all they have left is the junk they bought. Whether it is that overaccessorized Escalade with the 22″ rims and the fish tank in back, or the monster truck with jet skis and matching trailer. They have stuff, but no money.
My nephew-in-law is like that. The minute he gets any sizable amount of money he goes out and buys something. No concept of savings or investment. He took his “government cheese” check (the check (his was $1800) the government sent out to stimulate the economy) and bought a big screen. I asked him whether he used it to pay off credit cards or pay down his car note, and he looked at me as if I just landed from Mars. He lives way beyond their means and my niece is considering divorce.
AJ, I left some links for you on the ACORN thread.
A cash payment for giving someone else what is rightfully theirs? Am I missing something?
That’s it. The answer to your problems is always at the bottom of the next bottle.
So, one can only assumed that they signed legal documents agreeing to this. Sounds like there is only one person to blame.
Someone please tell me that this isn’t approximately the size of a couple of social security checks. Please.
Sorry, I can’t conjure up enough sympathy to even say Boo-Freakin-Hoo for these idiots. Go live in a tree.
The sooner the SF Chronicle goes toes up, the better.
Lemme see here, nearly half a million bucks up in smoke, and they can’t say exactly what they spent it on. The bank let them go about a year and half before they said “enough, we’re taking the house.” Her parents worked hard to buy that house, apparently gave it to her free and clear, and she squanders it.
And I’m supposed to pity her and curse the big, bad bank!?
I DON’T THINK SO!!!
BOO-FREAKIN’-HOO!!
Why am I still paying on two (2) mortgages? Oh, because it is the right thing to do. Our gooberment loves to reward people who do the wrong thing.
Sucks to be me – Boo-freaking-hoo.
How many flat screen tv’s do they have? HHHHMMMM we used some of the refinancing to pay off credit cards. So we got our self into debt refinanced to pay off that debt but, created more debt and now you have to feel sorry for us.
Oh this pisses me off. I bought my house, and you know what when I spoke to my mortgage guy he asked me if I was doing an 80/20 and I said no I had 20% to put down. He laughed and asked why I would want to do that no one does that. Well I have a mortgage payment I can afford, and quite frankly I didn’t know where I would be after I bought if I would want to move or if I would be there for a while. Two years later I would love to move as my family situation has changed, and you know what I am not upside down in my mortgage. My options are open and I am not between a rock and hard place I can call the shots on when and where I decide to move.
Maybe it had something to do with being broke and buying expensive liquor.
Probably not the best idea when you’re broke, but as they say, buy for 11,500 and refinance up to almost 500,000 and chances are things are not going to work out.
The Devil’s Bill always comes due.
It’s a shame her parents had to suffer because of her choices.
I would be ashamed to be noted for being that callous and stupid.
“Hennessy?” She’s drinking top-shelf. She isn’t too strapped for cash.
Well, that Hennessy habit can be quite expensive.
“*hiccup* Hennessy – Good stuff.”
I don’t know if it is my heartstrings I feel or my breakfast trying to come up, because there are expectations that we are supposed to bail this cull out.
This selfish woman drove her own elderly parents out of the home they made for her as a child.
Now THAT’s a sob-story.
What concerns me, even if it doesn’t surprise me, is that the MSM still thinks someone like this woman deserves to be in the story at all. They are so brainwashed that they can’t even see what a disgusting display of greed is represented in her choices.
No wonder nobody buys newspapers anymore.
So in 18 months, they couldn’t squeeze together one single payment? Was the last refi closed in Dec 2006? How many payments did they make on that final refi? And she’s just now thinking she needs to find a job? So it wasn’t even her income that was being used for the refi? (Well that doesn’t surprise me since many mortgagees didn’t even have jobs). I detect a carefully carried out fraud here.
I feel sorry for the parents. They are the victims here. Had a nice house free and clear with enough equity to live their lives out in relative comfort and their kids stole it from them. So now they are living in a retirement home that their SSI covers? Why aren’t these kids in jail?
Oh, the “Cash For Keys”? It’s cheaper to pay someone to voluntarily move out of a property and leave it in good shape than to clean up and repair one damaged by the former owners,(I’ll show ‘em. I’ll tear up my own house) enraged that the mortgage holder would actually adhere to the contract and put their butts in the street.
thanks blind, I’ll go take a peak.
*peek
Might be time to switch to Valu-Rite, lady.
I feel really horribly terribly sorry for the parents, booted out of the home they worked hard to own and into some cheap dump. Stealing that much money from octogenarians is elder abuse–isn’t California “progressive” enough to have elder-abuse laws on the books?
This stuff just absolutely blows my mind–people should be held accountable for their own decisions. If the government is going to bail everyone out who has made a poor decision, then there is no risk in an investment. Period.
I don’t understand these people who don’t at least make some effort to make a budget ahead of time to make sure they can afford it. Before we bought our house, hubby and I made sure we had all of our ducks in a row. It’s called being responsible.
Wow, once again an example of today’s personal irresponsibility. I’m still paying on an ex-wife’s car (that she can’t afford by herself) that she is supposed to be helping with because I don’t want a repossession on my credit record. Wait, that means I’m contributing to the problem, doesn’t it?
reminds me of a line from animal house….
“fat drunk and stupid is no way to go through life”
Betcha this is where she likes to shop and she’s hoping to get a employee discount.
i cannot believe that people will mortgage their house to pay credit card debt. the worst thing in the world someone can do is mortgage the house to pay off credit cards. why would you sacrafice collateral for a non-collateral debt? credit cards and the banks have sold this country a line of goods convincing them it is the thing to do: mortgage your dwelling place for credit card debt.
i tell my parents who have taken on the credit card debt from their business, which was enlarged by my brother who was running the business, do not mortgage your house or buildings to pay off the debt. you are almost 80. just make payments and not worry about them, make sure you have funds to take you through the rest of your years.
what is wrong with people. credit card companies cannot come and take your belongings, pay them what you can. if they damage your credit, then so be it, but at least you have a roof over your head!!
I agree. Why isn’t this fraud? Why isn’t the mortgage company interested in pursing that angle? Could it be because they are complicit in the fraud? Hmmm????
Oh, they did. Then their children passed it along to the bank. Some fine children they raised, huh? I’d be only too happy to go to a nursing home if it meant not living with a couple of deadbeat drunks.
That “cash incentive” should go to take care of the parents who actually WORKED for what the kids threw away overnight – obviously their kids have already taken enough away from this transaction.
Oh, great….. she and her brother ’stole’ all the equity in the house and now their parents get to live in a long tern care facility funded by their Social Security! Just imagine the nice place they could have moved to if the lovely children had not taken all their parents money. And they get my money to move on. Low life’s!
The refinance took place at the end of 2006 and they haven’t made a payment since December of 2006 so let’s get this straight…They never made a payment or may have only made 1 or 2 at all. They just walked away with a half million dollars that they will never have to account for.
Basically, they knew when they last refinanced that they were signing on to a deal they couldn’t afford.
Yes, the banks are to blame. Not for the foreclosures or predatory lending, but for failing their shareholders. It’s called risk management and our financial and banking industry needs to spend some serious time looking into it.
S&L/junk bonds, tech bubble, fraudulent accounting, housing bubble. How many more is it going to take?
Yeah, but somehow I get them impression the parents didn’t want it going to the bank.
I would have to agree with you on that.
I’ll say it again though, I do feel sorry for the parents. Don’t know why the kids turned out the way they did. Not going to comment on the way they were raised since I don’t know. It would be unfair of me to say the parents did a bad job when I don’t know the whole story.
The sad part is, the MSM is missing the real sob story here – that the tax payers are being taken to the cleaners – by tripping over themselves to put out these silly stories of people with more assets than business acumen, in order to make fiscally responsible Republicans appear insensitive for opposing any increase in the sub-prime bailout. (Sen. Bunning is lambasted in our state’s largest papers for opposing the housing bailout.)
This story is just one more example of the depths to which the MSM will stoop in their concerted effort to elect Democrats!
God I wish I only owed 11,000 on my home. 184,000 is enough.
They LOST, no they GAVE/SPENT AWAY their own parents house, and future.
Now WE have to pay for the parents stay in an expensive assisted home.
Joann Gardner and her brother are the WORST kind of thieves,
THEY STOLE FROM THEIR OWN FAMILY and DESTROYED their entire family’s FUTURE.
Joann Gardner and her brother should be in jail.
So she ripped off her parents and blew nearly half a million, and then wont accept the blame for it and whines that she might have to work now (at Costco, lol). Lucky her parents don’t press charges. Totally irresponsible and with NO remorse whatsoever at her own actions. And where has their income been going since December 2006 btw? Look a bit further and you’ll probably find extravagant holidays, big screen televisions, designer clothes, showy cars etc etc. ZERO PITY.
although I do feel sorry for the parents.
Hey lady…somewhere, probably near you, there is an illegal immigrant working at a job that perhaps….just maybe….YOU should be working at.
WOW…if that ain’t a whitewash I don’t know what is.
Pardon me folks, but this story could not have come from the MSM.
The reason for this statement is this: I see no mention that this traumatic event in these peoples lives is George W. Bush’s fault.
Or has it become a given that it is his fault?
At least Donald Trump is on tv telling us how to avoid foreclosure. /eye roll
I’m always shocked, not at people’s stupidity, but at the sense of entitlement that seems to have been embedded itself in their psyches so deeply that they feel no remorse in living beyond their means.
Lets get this straight banks loaned out $454,000 on a house purchased for $11,500 and then they wonder why they are losing money?
And what did this family do with all that missing money? I suspect it may have been blown on drugs.
Perhaps some Night Train or Thunderbird would be more appropriate?
“Stealing that much money from octogenarians is elder abuse–isn’t California “progressive” enough to have elder-abuse laws on the books?”
Yes, this does seem like a case of elder abuse, especially with dementia added to the equation.
Let’s see …
$454,000.00 …
18 months …
That means they blew through an average of $25,222.00 and change per month …
And I’m supposed to care what happens to these idiots? … NOT !!!
How on earth did the lender allow this? Isn’t it a fundamental concept that you don’t loan more than the borrower makes?
There’s more than enough blame to go around in this mess.
Didn’t you hear? Shame has been legislated out of existence by the 2008 Congress.
Hello, all. My first comment on mm. Thanks, see-dubya, for fixing my registration problem.
This is just another example of the parasitic trash the Democrat party requires for it’s existence. Pander to the stupid and make them more dependent. Let’s tax ourselves to prosperity and give welfare for all!
Glad to be of assistance, guitarplayer.
Boy, I must be some kind of idiot. I’m single, I have no kids, and I rent. Instead of being like me, I could be living off of people like me.
On the other hand, I can also subtract $3,362 from $3,144 and realize it doesn’t quite work out so well. So I guess I’m not quite as . . . not bright . . . as some people.
p.s. Delighted to be able to post here at last.
this is unfortunately all too common. the other day i heard the term ninja loan used which stands for no income, no job and no assets. anyone who makes that loan needs to see me, cause i want them to cosign on my yacht.
this is unfortunately all too common. the other day i heard the term ninja loan used which stands for no income, no job and no assets. anyone who makes that loan needs to see me, cause i want them to cosign on my yacht.
I agree. I have every sympathy for the parents. They are the victims of gross mismanagement at the hands of their children. I’m wondering if there’s not some fraud or other laws these two children violated.
How horrible.
“They give you cash, which is just as good as money”. YOGI BERRA 2005…
eq01 …
I suspect since they were previously “caring for their parents” that they were also taking their social security checks and any retirement income the parents had coming in …
I hear these stories all the time, and the sympathy meter just stays on zero. Two stories quickly.
1) On the news a while back during the debate on socialized healthcare, a mother was crying on camera. She had three kids, was living in a trash home, could not afford food or clothes and she DEFINITELY could not afford healthcare. She also was addicted to cocaine.
2) The house I am currently living in, I bought from HUD. It had been foreclosed on TWICE. No one is rushing to help out those families (one of which lost the house to a genuine catastrophic situation beyond their control). I’ll bet those two families are ticked that their troubles didn’t happen during this time of national crisis. They may still be living there.
Again, sympathy where sympathy is due, and it is NOT due these self-absorbed people.
This is like the Reagan “welfare queen“. One instance of abuse is supposed to make us thing everyone is abusing. In Reagan’s case, it was a fabrication. Many people have lost their homes because they were misled about the terms of the loan.
And do you say boo freakin hoo about gas prices?
As a matter tactics, a post like this will not attract lots of new people to the conservative side. It does not look good to seem to enjoy the suffering of others.
My husband was laid off a number of times & still managed to pay the mortgage. I even had to move to another state for a job, bought a house there & then sold it for enough to build a future retirement home which is now paid for. Where did we go wrong? Why be so frugal when you can let someone else bail you out of your troubles? Frugal ain’t fun. No Hennessey for us!
Battleaxe, I think she needs to quit the booze, completely.
Deuteronomy 32:33
33 Their wine is the venom of serpents,
the deadly poison of cobras.
Proverbs 23:32
32 In the end it bites like a snake
and poisons like a viper.
Well, on the bright side…
…Looks like stealing $454,000 is no longer Grand Theft in California. I’ll leave the debate of who should bring the charges (bank or parents) to someone else.
Grand theft is not being charged in VA, either. Put a bid on a house that was $180,000 less than the previous sale. I’m still probably overpaying, but the market here is still way overpriced, and I need the tax deduction BEFORE Obama and the Taxocrats hit me to oblivion.
BTW, the previous owner had an Interest-only ARM. When it adjusted, they lived rent-free for a little longer than a year. Then they tried to short-sell (bank wouldn’t approve the “low-ball” offers he accepted). I presume that the previous owner is living free with the cash payment (confirmed) they got for not destroying the house.
The house is “fully mounted” for 4 flat screen TVs. They made no other modifications (no paint, no upgrades beyond the build, no porch. Hell, they didn’t even install a garage door opener).
Gotta love the age of Personal Consumability!
Stupid people, doing stupid things, and then paying the price for their stupidity does not fall into the category of “enjoy(ing) the suffering of others.” It is more like the guy who blows past you on the interstate, speeding and weaving in and out of traffic; that you run into later on the side of the road being stopped by the Highway Patrol.
MOST people are losing their homes because they…
A) Bought more house than they should have.
B) Were given loans far beyond their ability to repay them.
c) Misused the credit that was given them and got into a hole they could not get out of.
And tell me LGM, do you think your infantile arguments and impotent points attract anyone to YOUR side of the debate?
#70 lgm again your stupidity abounds us.
You may want to educate yourself on the Community Reinvestment Act created and signed by Carter in “77″ that is the reason we’re in this mess.
Has NOTHING to do with Reagan!
LGM: They aren’t suffering much with 454,000 stuffed away somewhere to soften the blow. Bonus, they don’t even have to take care of mom and dad anymore!!!
the queen there was a different example though. I would believe, based just on the numbers, that these people mismanaged the situation…it doesnt appear they were mislead with anything.
In contrast, however…this kind of thing DOES generate good conservative leads. It shows people the folly of overspending and living outside of your means. it shows the dangers of not being responsible. Hardworking and responsible people dont want the governments hand in everything, and dont think that other people who are wasteful and ignorant as in this case, should be bailed out by Uncle Sam. So in that respect,its an excellent case for conservatives, and a good stance to have.
A little over a year ago I bought a house from a lady that had obviously gotten in deep with second and third mortages. (She had to write a huge check at closing, money borrowed from her parents I believe). She basically cried whan she had to give up the house as it has a beautiful lot right next to a very nice park. I felt sorry for her in a way but her stupidity was my gain.
Since then I have been making double and triple payments that have already reduced the principle by around 20%. I make decent money but this is mainly done by not eating out, not going on vacations and only buying what you need, used if possible, cash only. What you need is not to be confused with what you want! This is not easy but will be worth it when the house is paid of in 4 more years.
My point? I’M SICK OF SOB STORIES LIKE THE ONE ABOVE. Show some discipline and live within your means. So many Americans refuse to grow up and think they have to have everything they see on TV. They don’t. Most of it is worthless junk that will not make your life better. What will make it better is not owing money to a dozen creditors and sleeping good at night. It does for me.
Why is it that libs think everyone is too stupid to know what they’re doing? In many cases, people know exactly what they are getting themselves into, but just don’t care. I have no sympathy for people who take advantage of their parents as well as the rest of us who follow the rules.
xler8bmw
I also believe the CRA was vastly expanded during the Clinton years with minority targeting provisions which started the downward trend on mortgage loan requirements …
This person reminds me of the stuff I occasionally have to scrape off my shoe after walking through the park. But the real tragic thing is this activity goes on all the time. She probably couldn’t stack two books together but can refinance the house several times? Yeah … I must be overly suspicious.
Oh well next time I’m at Costco I’ll look for her in the food court. Hey she’s gotta eat, right?
#80 DL you’re correct it was that’s why he was considered the black president
I agree. Unless there’s a serious lapse in judgment on the buyer, or a seriously deficient lack of scruples on the lender, people know what they’re getting into…
Anyone who has ever purchased a home knows exactly what i’m talking about. The amount of paperwork you have to sign is staggering. It can literally take hours.
Just another “victim”. So many people live beyond their means these days with no regard for responsibility and planning for the future. They have the mentality that somebody else will rescue them and foot the bill when times get tough. So much for what the “nanny state” has done for this country.
Speaking of fabrications, LGM, maybe you could text Obama the Experienced in Hawaii and let him know it’s 3AM in DC and Georgia. Maybe you could ask him what time it is out there – on the golf course!
I have sympathy… for the parents. From the way it looks, she swindled them out of their own home, cost them everything, and now has them in a home.
The worst part is they might not even realize it.
BUT! It’s not too off-the-wall for someone to not have a job while taking care of elderly parents. That in and of itself is a full-time job, and I’m sure expenses CAN pile up without being any one thing… but half a million dollars that she can’t account for? I can understand a couple hundred in the course of a few months, ((Because you DO end up frittering away that much on things-you-don’t-need when you have the money)), but that’s absurd.
I bought my own home recently. That’s right: I saved up money from a tour in Iraq, plus a re-enlistment bonus, to buy a HOUSE. I’m pretty proud of myself, being 24 and owning a home outright. I didn’t even bother looking at houses with absurd rates or way above my ability to pay, because I…knew…better.
Ha ha ha ha ha ha ha…
lgm, you kill me! You’re off by 180 degrees.
This case wasn’t highlighted by some conservative trying to make light of foreclosure victims. This was the San Francisco Chronicle trying to GAIN sympathy for them!
Such irony….!
lgm,
Is there ever a problem that was NOT the Republicans fault?
UH, I know. Simple question for a simple mind. You have to start small for this idiot.
We can thank our nanny-state-lack-of responsibility-entitlement-generation. There will be more of this nonsense. We now have the up and coming generation adicted to living beyond their means because they deserve to live better. Curbing expenditures because of lack of funds, is down right cruel to these people. Our government is right behind them writing checks while robbing our pockets. Irresponsible people need the tough love approach; get off their duff, get a job and live within their means.
Too bad she has to get a job now that she no longer has the $400,000 in equity or her parents social security checks to squander.
#90
Congratulations! Many young people in your position aren’t as intelligent as you are. After an overseas tour and some deserved tax-free pay, most people in your shoes buy expensive cars, motorcycles, etc. Welcome home!
The comments directly following the SF Chronicle article are pretty much in line with most of the comments we all have here. (I was pleasantly shocked and admit that I only read the first 2 pages.)
One funny one is by a person going by the name ‘impeach_bush’ who must be a SF resident …
There’s always somebody……….
On the surface this behavior sounds unbelievable. However, I have frequently seen situations similar to this. One of my wife’s co-workers inherited over $300,000 and in less than a year her and her husband managed to piss it all away and run themselves into bankruptcy. One of my neighbors has declared bankruptcy several times since I have known him. They run up 30 or 40 credit cards to the max and then use bankruptcy to erase their debts. I have heard that the “new” laws make this harder to do.
That has got to be my hippy friend I know out there. For him, no injustice or suffering, both real or imagined, should be allowed in this country.