Bad Decisions
Thomas Sowell wrote this brilliant article on the housing market called “Subsidizing Bad Decisions.”
I cant really saw it any better than he did so Ill just add a few thoughts, but please read the above link before reading on.
I pay my mortgage. I never asked for money from you, the government, or anyone else to help me pay it. I never would.
I shouldnt be forced to pay extra taxes because people choose to buy houses that they couldnt afford with money that they didnt have. I didnt make the bad decision and I shouldnt have to pay for it. I know that many people are in danger of losing their homes, but this is not my fault. I do not even know these people, and I owe nothing to people who I have never met.
I would rather see people who purchased homes that they couldnt afford lose their homes than have the government confiscate money from my pocket and the pockets of others and give it to those who made these idiotic decisions.
I am not responsible for the mistakes of others.
Americanly Yours,
Phred Barnet
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PH,
I agree with you on the Sowell article. Why should a renter, who acted responsibily and did not get in over their head in order to purchase a home, have to subsidize someone who acted irresponsibly?
One thing though: this is not solely the fault of, as you put it, the person who chose to buy a home they couldn’t afford. Certainly, that person should share some of the blame, but also at fault are the lenders who participated in malicious practices, and the government who allowed these malicious practices to exist.
Viva la resistance!
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