Quote:
Originally Posted by crockett
That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.
You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.
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Many (probably most) of them could afford the house when they were working and who's to say they didn't have enough money set aside to go a good many months sans paycheck. At some point that money runs out though and if the nearest decent job is hundreds of miles away they can't sell a place that's worth less than owe on it.
Some guys get around that by doing the weekly motel room rate thing where the job is while leaving the family in the house and others find someone to rent their house and make the mortgage payments that way. A friend of mine has had a tenet in his upside down house for the last four years. These things are not always doable however.