Originally Posted by
Mr. KiDD
Difference is, back then people knew the meaning of HONEST WAGE. and they lived within their means.
Today most people make $50,000 a year and live like they make $200,000. When people bought houses like our parents and grandparents, it was to stay in them for 20 years.
WHen people lost their jobs, they had savings, today, people have CREDIT, and thats it. or they used to.
The housing collapse, the bailout, the Big 3, all this is so much more than economic problems. its society as a whole, thinking they are ENTITLED to things they havent worked for.
Everyone was drunk on greed. The banks were lending to people that werent qualified, the people borrowing could only see that new ESCALADE they were going to be driving or that house that was going to make them $200,000.
No one thought "what about the negative side effects"
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