Banks are just plain stupid!

[BarbC]

My husband is retired. Money started to get a little tight so he went out and got a part-time job in addition to my part-time job. And if money gets tighter, we'll each get a second part-time job.

There's more part-time work out there than full-time, so start looking around. There are even temporary positions that at least will give you some pocket money. The census bureau is hiring so sign up with them.

 

[marine2541]

Originally posted by coldmold:
First of all I am not a troll. And I dont want to stir up any trouble. I dont post much but I would throw out this question. Why did you retire with a mortgage hanging over your head.
I retired 4 years ago but my house was completly paid off and I had no large comitments for my money.

Try teaching middle school teachers for 34 years. You'll retire too! And not only that, not everyone's life is so perfect they can pay off a mortgage. My home was worth over $300,000.00 a year ago, and now it's down to under $160,000.00. Maybe you can lend me your crystal ball which allows you to make such good decisions. It must be great to be perfect!

 

[tallpaul]

Originally posted by marine2541:
Try teaching middle school teachers for 34 years. You'll retire too! And not only that, not everyone's life is so perfect they can pay off a mortgage. My home was worth over $300,000.00 a year ago, and now it's down to under $160,000.00. Maybe you can lend me your crystal ball which allows you to make such good decisions. It must be great to be perfect!

What does that have to do with paying your bills? You committed to an amount and the payments are the same or the contract you signed is the same... keep making the payments.

You only loose if you sell it for the lower price.

Most here have had investments go south- suck it up and quit expecting others to pay for you or bail you out...

Unless the banks and the feds are gonna do this across the board I don't think anyone should get the reduced interest etc.

I am not talking making all the interest the same but if they drop your interest by 5 percent mine should go down that much... give you 160000.00 credit on your mortgage then I should get the 160,000 also... including any equity of that amount over what I owe...