They hadn’t saved a dime, put zero down, thought a no-interest, adjustable rate mortgage would last forever, and assumed the housing market would rise indefinitely. Now they’re about to lose their home and are looking for a handout. They feel “entitled” to stay in their home. You can blame the brokers, the banks, the government, the economy, and everyone else - but you wouldn’t be addressing the issue that is your neighbor is a loser who overextended him or herself, and one way or the other will bring you down with him. Read the rest of this entry »