Quote:
Originally Posted by Cowboy89
I always thought that if everyone looked out for #1, the net effect would be the invisable hand that drives the economy. Well the last few years have highlighted to me that that theory works very well, but only in instances where the vast majority are actually competent in their struggles to look out for #1. Turns out that too many people are idiots and incapable of making financial decisions for their own benefit. Therefore the government seriously has to handcuff their ability to shoot themselves in the foot, because when everyone does it en masse at the same time it cripples even the people that made the right moves. Bring on 10% down and 25 years!
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People have been looking out for #1 right now without a care for what their situation will be in the future. Now if you're at the point where banks are turning you down for loans, you're in serious trouble.
Thanks for the point of clarity on competition. Yes, that makes perfect sense. And of course I just jumped to the personal greed of higher ups. I'm too jaded...