Quote:
Originally Posted by mredskins
I hear you man when we bought our house in 2005 we had a budget of $250 that is what we could afford. the bank approved us for $500K, many people bought homes they could not afford. they were like will if the bank says I can get a $500k loan I must be able to afford it.
Hopefully Obama throws us a lifeline because as usually it is the guy who is trying to do the right thing that ends being screwed.
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What do you need a lifeline for if you bought a house you can afford? I'm confused.