Bottled Water Rant
 

I just read a sympathy-producing article about a divorced Mom, special needs child, about to lose her condo because of the sub-prime mortgage mess.

I feel her pain....



Then in the photo I see the bottled water.


I'm sorry. If you can't pay the mortgage, the government should bail you out. OK. I can understand that people believe that.

BUT YOU DON'T HAVE TO BUY BOTTLED WATER EITHER!


Or as the article states, put $15K into remodeling your condo.

Or keep playing Lotto (as the article states).

Or as some people do, stop maintaining your car, wait til it dies, and buy/lease a new one.

http://www.lohud.com/apps/pbcs.dll/article?AID=/20071216/NEWS02/712160350/1018/NEWS02

Tees me off.

The water is .25 per bottle.

The lotto thing is stupid for sure though, if true.

Tom W

And you would have bought it for her if she had the closest guess! :rolleyes:

And lotto is only $1.00.

We have great tap water here. Straight from the Croton aquaduct.

It's not the water, it's the philosophy. School lunches are $2. Coffee is $1.50.

Can't pay the utility bill (in the story) because the nickels and dimes are spent on "stuff".


So the government should do something about the sub-prime mortgage market.


It's not the water.

Absolutely.

Tom W

You are concluding that if she did not buy the water and did not buy lotto tickets she is spending a lot of other money foolishly. And if she was a frugal as (maybe you?) she could make her payments.

I just think maybe you are making a lot of assumptions that may not be true.

And just because some of the folks may not be as frugal as they should be does not mean that nothing should be done about the subprime loan crisis.

Tom W

http://files.samhart.net/humor/fail.jpg

bottled water

Its a shame, but its an all to commen story these days.

That water in the bottle was not clear, might have been something else, something that comes from a brown bottle...

Hydrated MILF'S, mmmmm.....

"Starvation is God's way of punishing those who have no faith in capitalism

~~~Ron Cobb (cartoonist)

:eek::D

I'm not going to automatically rant about the bottled water, I drink "from" bottles like that but refill them repeatedly. (I know I've seen the Dateline or what ever about doing that).

BUT something else is wrong, her interest is going from 9+ % to 11%.

I personally think the mortgage stuff going is on more BULL.

Don't help out stupid people, if they didn't know that the A in ARM is Adjustable they shouldn't have been allowed to get a mortgage.

And complain about the mortgage, when we bought our house 20 years ago we got a great rate on a ARM at 11ish % (Fixeds were 15% +/-).

Nobody helped us out.

PS 80% of this, IMHO, is on the way Mortgage Brokers are paid. You get your fee for writing a mortgage when the papers are signed. Do you give a D**** if they can make the first payment. NOPE
Pay them over the first 4 or 5 years of the mortgage, maybe 40% year 1 then ..... Also same for these Wall Streeters that package them then sell them.

They'd all be a lot more careful if they're future was tied to the person being able to make those payments.