Rented a bulldozer and turned their house into a pile of rubble?
Wouldn't matter to me. The person who couldn't afford the house is the person at fault. The government urged the banks to allow bad loans, the banks offered a bad loan to the individual, and the individual either didn't read the loan agreement or signed something they shouldn't have. You liberals always point the finger except at a mirror. Just because the bank says &this is how much you can afford on a house& doesn't mean that's how much you go out and spend on a house. There's other costs called insurance (home, vehicle, life, health), vehicles, amenities, food, etc. Fiscal responsibility...
The banks wouldn't care Uncle Barry will cover their loss.
Actually that would be a huge boon for the economy in regards to construction companies, and workers. If we tear down all the foreclosed houses, then we can get people back to work lol..
I agree with the person who said that people should have gone into the loans knowing what they were doing. I feel bad, though. the government and the banks totally took advantage and made a ton of money off some people who weren't smart enough to read the fine print or who just didn't want to think about the future. I can't believe anyone actually gets an adjustable rate mortgage! Are they CRAZY? I would never get one of those in a million years. I would rather pay a slightly higher fixed rate then go for a lower ARM and then end up with an unbelievable rate 3 years later.
Why not just turn the bank into a pile of rubble? To me that'd be more gratifying.
