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Bailout effects
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<blockquote data-quote="Love the sunshine" data-source="post: 198907" data-attributes="member: 5759"><p>For our situation, it was a combination of things. We started building our house right before 9/11. We put our savings into a down payment for the builder, so we were pretty much stuck with moving ahead with the process. I was a business consultant at the time, and by the time we moved in, my business had slowed considerably due to the economy.</p><p> </p><p>Within the first two years, the taxes for our county and city had a HUGE increase. This was a few years back when the interest rates were going up also. I can't remember exactly, but I think our payments went from $2800 to $4100 - and my income had dropped. My husband worked overtime and I worked another job, but once you get behind in payments, it gets really tough. I'm not saying we're not to blame. It's just a tough pill to swallow when executives are walking away with their millions.</p></blockquote><p></p>
[QUOTE="Love the sunshine, post: 198907, member: 5759"] For our situation, it was a combination of things. We started building our house right before 9/11. We put our savings into a down payment for the builder, so we were pretty much stuck with moving ahead with the process. I was a business consultant at the time, and by the time we moved in, my business had slowed considerably due to the economy. Within the first two years, the taxes for our county and city had a HUGE increase. This was a few years back when the interest rates were going up also. I can't remember exactly, but I think our payments went from $2800 to $4100 - and my income had dropped. My husband worked overtime and I worked another job, but once you get behind in payments, it gets really tough. I'm not saying we're not to blame. It's just a tough pill to swallow when executives are walking away with their millions. [/QUOTE]
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