burned by a contractor

[That Guy]

Originally Posted by Schneed10

No kidding. At the risk of sounding like a major asshole and taking this thread in a totally different direction, I'm pretty glad to see a lot of things happening in the economy right now.

Seeing someone who made less than I did, with worse credit than me, acquire the financing to buy a much bigger house than I had always pissed me off. A big part of me is glad to see it turning around, because now there's some justice in the financial system again.

except the asshole that sold them terrible loans made bank and on top of that, I'm paying for it anyways due to some fat bank bailouts with low accountability or tracking on the cash flow.

and now I can't re-finance without putting massive points even though my credit score is over 800, I've never had a late payment, I've got lots of equity and cash assets, plenty of insurance and a guaranteed job.

so I'm paying for the people that couldn't afford their houses and now I also get to pay more for mine and lose value as well.

real win-win.