Upcoming Foreclosures

Would I have been better off buying a house I couldn't afford?

I bought a house last year. And get this, I bought a house that I am able to afford to pay for. crazy, I know. This mortgage foreclosure "bailout" is making me feel like I would have benefited more if I had bought a house that i couldnt afford. I could have just waited for the government to save me from my irresponsible decision. Shouldnt responsible home buyers be given some help if irresponsible ones are?

Public Comments

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2. I hear that. We also turned down our dream house in favor of one we knew we can afford. At least we know we did it without help. You did the right thing not spending beyond your means.
3. Would you agree it is just encouraging others to live beyond their means and reward them for it. My parents would not have rewarded me for making financial mistakes, but would let me learn from them by facing them on my own. I truly do not understand, maybe I am missing something. Even if they have lost jobs they would still eventually have to make payments...wouldn't they..? .
4. No one comes to bail me out when I make a stupid decision. It just encourages irresponsible behavior. Even with the bailout some of these home owners will still not be able to make the payments. So stupid. I applaud you for your sound decision.