Is it a conspiracy against the Z?

BrianMSmith · 12-10-2010, 08:23 AM

Many people have it tough latley, if they haven't lost a job, or a spouse hasn't lost a job, cutting income massivley, then they are underwater in their mortgage if not going into forclosure because the interest only option arm has reset and their payments have gone up 20%.......

During the credit boom times of the last 15 years or so, many people thought they were doing much better financially than they actually were, and now reality has come to roost.

And unfortunatley people are just p-o'd, and it's human nature to resent people who are still doing well and showing it off with a new car, either down to good luck or just old fashioned hard work and sacrafice for years putting you in a good position.....

12-10-2010, 08:23 AM	#11 (permalink)
BrianMSmith Enthusiast Member Join Date: Dec 2009 Location: secret Posts: 267 Drives: 370Z, Ducati 748S Rep Power: 17	Many people have it tough latley, if they haven't lost a job, or a spouse hasn't lost a job, cutting income massivley, then they are underwater in their mortgage if not going into forclosure because the interest only option arm has reset and their payments have gone up 20%....... During the credit boom times of the last 15 years or so, many people thought they were doing much better financially than they actually were, and now reality has come to roost. And unfortunatley people are just p-o'd, and it's human nature to resent people who are still doing well and showing it off with a new car, either down to good luck or just old fashioned hard work and sacrafice for years putting you in a good position.....