Did you buy a house that you could actually afford?
Then you are a Chump. And just think, any extra money that you have can go to bail out all those people who all bought houses that they couldn't afford.
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6 Comments
Double Chump here...paid off the house last year...now 100% own the thing in a steeply declining market. What was I thinking?
I was thinking I wanted it paid off and I was thinking I wanted completely out of the mortgage circus-to-come.
I'd love to see the stats from the mortgage industry on payoffs in the last half of last year.

Wait until you see value of your cash decline when the Demothieves deliberately inflate the currency--prudent people will be screwed and the improvident rewarded.

Thanks guys, I just about lost it lokonig for this.

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I'm a chump, but I guess I'm not as big a chump as someone who actually OWNS their home and didn't cash out their inflated equity.
I love the quotes coming from the ACORN "Forclosure Civil Disobedience Squad" about how they are going in to save residents from the indignity of being booted from homes they have lived in for 20 or 30 years.
Ummmm, aren't most mortgages 30 year affairs, and after 20 isn't your princible balance rapidly declining putting you in a good equity position to legitimately refinance an old 7% or ARM loan that is 20 years into a 30 year term into a fixed 10 year at 4.5%?
I'm just sick over the fact I was a responsible American. How un-patriotic am I?