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I feel my parents' grave has been robbed
Monday, October 15, 2007
With about 50 seconds left in this two minute clip from the CBS Evening News, poor Amy Sturdeman laments the ill-advised expenditure of her inheritance.
Who'd of ever thought that paying almost $600,000 for a house in California's Central Valley a few years back would have turned out to be such a bad idea?
Oh yeah, people like Patrick, where this sad story was spotted a short time ago.
7 comments:
Oh Boo, freaking hoo. The media is gonna be ripe with all these whiners, who should have used their brains if they had any.
Clips like this always bring a smile to my face,get an even bigger smile when the foreclosure sign goes up
Giving their little girl every thing she ever wanted did not teach her much about finance, and now there is no one to save her from this mega mistake. I bet she even voted for the no safety net society. This is the free market, someone has to be the loozer.
I saw this clip the other day on another site. The "My parent's grave has been robbed" line jumped out at me as characteristic of this bubble. I laughed out loud then cursed at the screen when I saw it. The naivety, arrogance, and lack of personal responsibility continue to astound me.
I've said this a few times before, but it's worth saying again for people like Amy - if the future of the U.S. economy is going to be just one bubble after another, they really should require some kind of reading in high school like Manias, Panics, and Crashes: A History of Financial Crises ... or Extraordinary Popular Delusions & the Madness of Crowds ...
At least, that way, when people are interviewed on TV they won't look so surprised.
Bubble or no bubble, I can't believe how much money they pissed off on pools and landscaping in their back yards!
I wish the reporters in these pieces would do a better job.
They should be asking:
Where did you get the idea you could afford to pay six times your income for a house?
How does it help to take out a bigger mortgage to pay off the mortgage you already couldn't afford?
I see you bought the house 10 years ago for $250k - how come you have a mortgage for $450k today? What did you spend the re-fi money on?
How long did you think you can continue to spend more than you earn, and why should anyone feel sorry for you?
And so on and so on. Of course it never happens, they wouldn't come across of victimes in need of taxpayer handouts then would they?
time to ask for help!
america's all about freedom until someone starts losing money
and if someone robbed her parent's grave, it was her own self. she should have been smarter with the money.
and as the last poster said, the reporting and journalism is just beyond stupid, barely scratching the surface of the real story.
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