| They'll probably get bailed out -- again.
The gov will float the banks, the banks will extend the mortgages and the honest guy who's been living within his means, saving to buy a house he can afford -- pays higher taxes next year.
Fcuking lovely.
Not dramatically different from the guy who saves money for his kids' education, opens mutual funds when the sprog is still shittin' his diapers and has some stashed away for when the kid enters college. What does this responsible saver get for his effort?
A higher price tag than the slob who didn't save a dime, bought houses and cars beyond his means and couldn't give a shit about his kids' education costs.
Needs-based pricing is a disincentive to save. |