Originally Posted by woj

Of course you are affected by it, where do you think the $$ comes from?

Sounds like your mom made out great on that deal, but that saving had to come from somewhere... for example, for all you know her retirement fund invested heavily in mortgages, and so when she retires in 10 years, she will have $100k less accumulated there... or perhaps, your city or state invested in mortgage securities, guess what, they lost $$$, so to make up that loss, your taxes will get raised next year... etc...

There ain't no such thing as a free lunch... if you are getting some deal, someone else is getting fucked on the other end... and with time it will trickle down back to you anyway...