October 01, 2008

Just so you know

I'm against any bailout plan for the financial sector. That is, unless it includes a provision to pay off the remainder of my mortgage, which I've been paying off on time and over the monthly requirement now for over four years.

It's not my fault a lot of people are idiots and the financial sector tried to capitalize on that through equally idiotic loans.

My lawn. Get off it.

Posted by Ryan at October 1, 2008 10:19 AM | TrackBack

This is what blows about these bailouts, they punish those of us who have stayed on course, have struggled but have kept up with payments. We're not part of the rescue because we've been rescuing ourselves. And the reward for keeping on top of it? A great big pile of nothing.

Of course, now would be a fantastic time to buy real estate if you have some extra cash. We're close to the bottom out here and I'd expect any investment to go up rapidly over the next couple of years.

Posted by: Erik at October 1, 2008 10:46 AM

I'm with Erik on everything. And I'm actually eying up properties here in Minneapolis. There are some steals to be had on foreclosed or pre-foreclosure properties if you watch close enough and do some homework.

Posted by: Rick at October 1, 2008 02:16 PM
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