Quote:
Originally Posted by flstf
I thought I read that this credit does not have to be returned unlike the previous one.
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You read correctly.
And this whole mess is why we need to have better bank/inividual regulation on only taking on debt that you can pay back. As well as limiting speculators, landlords, and real estate companies from taking advantage of the situation (and then walking away when things went south). With the job market in Phoenix/Vegas for instance, there weren't a whole lot of good paying long term jobs. And when there was a job, you had to compete with los of people in that city, and around the country who wanted to move there.