I'm still convinced these people are crazy.
Years ago, pre-2008 in fact, I posted something that lighted a firestorm of indignation - I questioned the sanity of people who buy new RVs and amortize the purchase over 20-25 years. I had been to an...
Forum Discussion
whywait wrote:Lantley wrote:
I trust the banks to decide if someone is worthy of a loan.
Aha! This is how tens of thousands got in over their heads, the banks said their houses were worth X amount and hey, why not borrow against the (tiny) equity? Where are those banks and lending institutions now?
X2 those subprime mortgages are what precipitated the s##tstorm in 2008. Let's not repeat that please.
