Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
RSS available You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||"CCC" - The Root Of the Problem, And Who Should Eat It; entered at 2008-02-29 23:26:44|
It was probably a mistake for me to step right in between the two of you, but I know a great deal about military housing issues, and you didn't have all of the information available to you that would have helped you to write a more objective piece today.
On the contrary, I am closely associated with a number of military families and understand the BAH and how it works, as well as a number of civil service and civilians who work at both Eglin and Hurlburt.
The fact remains that there is absolutely no way an E7, with or without combat supplmentals, can afford a $455,000 house, and the bank or lender who wrote that paper ****ed them intentionally.
The point of the Ticker was to encourage people who are similarly ****ed to NOT feel an obligation to "behave with honor", because the lenders and realtors sure as hell did not. They exploited these people and screwed them intentionally, with full knowledge that they could not possibly make the payments.
To add insult qualifying someone under combat pay schedules is even more outrageous as mortgages last longer than wars.
Last modified: 2008-02-29 23:30:16 by genesis