Irony: It's Not Just for Breakfast Anymore

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I really don't know why we are spending any time worrying about these "victims" of the sub-prime crisis. Also, I really don't want to be bailing out borrowers stupid enough to be under contract on new real-estate with financial plans that call for them to have 80% occupancy 2 months after closing, a 7% down payment and 7.5% interest rates.
So now their take-home falls 15%, their down payment requirement doubles and they have to pay 9.5% and I'm suppose to feel bad?
You will have to excuse me for not wanting to give taxpayer support for a borrower who wants to own a 160,000 square foot building to keep up with the Jones' on a mere $41 million budget.
Housing Crisis Hits Its Own [Washington Post]

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