I'm one of those "lucky" ones who did the right thing when I bought my home back in the fall of 1999. I was just about to get married and just kind of went with it, got a fixed rate mortgage because that seemed prudent. I agree with the opinion that if someone can prove that they were suckered into something then they have just cause for anger and possibly damages. But if it's someone who thought they'd take a chance in order to make a quick buck, especially after seeing how easy it can be done via all those home makeover shows such as "Flip This House," then that's too bad. You gambled, you lost. And while I may feel bad for your situation, why should I be bailing out someone for doing something similar to a guy who starts his own restaurant? That person took a chance and the customers didn't show and the restaurant went belly up. Well so did the gamble on your house or houses. Where's my "reward" for being cautious?
