Re:Puerto Rico files for biggest ever U.S. local government ...
by vkou on Thursday May 04, 2017 @03:56PM
(#14268177)
> It's not the "financial guys" forcing everyone to sign up for the huge amounts of per-capita debt we're now up to.
Except that the price of houses rise when everyone else can take out loans beyond their ability to pay. You can't opt out of this game.
Not to mention that most of the people defaulting on their mortgages had the ability to pay - until they lost their jobs. Which they lost because of other people defaulting on their mortgages. The economy was a tinderbox.
Except that the price of houses rise when everyone else can take out loans beyond their ability to pay. You can't opt out of this game.
Not to mention that most of the people defaulting on their mortgages had the ability to pay - until they lost their jobs. Which they lost because of other people defaulting on their mortgages. The economy was a tinderbox.