Comments on: Tucson It is Way Past Time to Get Real with Personal Finances http://www.tucsonazrealestateblog.com/tucson-real-estate/tucson-it-is-way-past-time-to-get-real-with-personal-finances/ & What it is like living in Tucson Thu, 09 Feb 2012 01:34:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Michael Guzzohttp://www.tucsonazrealestateblog.com/tucson-real-estate/tucson-it-is-way-past-time-to-get-real-with-personal-finances/comment-page-1/#comment-68 Michael Guzzo Tue, 04 Sep 2007 05:07:45 +0000 http://www.tucsonazrealestateblog.com/tucson-real-estate/tucson-it-is-way-past-time-to-get-real-with-personal-finances/#comment-68 The consumer shouldn't be held individually liable. I believe both lenders and borrowers share responsibility. Lenders know what a borrower can and can't afford, often better than the borrowers themselves. However, generating fees or commissions controls the lending process, not common sense. It's also an "immediate gratification" society and people just "have" to keep up with the Joneses, no matter what the cost. Borrowers cannot control their impulses. It's a recipe for disaster. The consumer shouldn’t be held individually liable. I believe both lenders and borrowers share responsibility.

Lenders know what a borrower can and can’t afford, often better than the borrowers themselves. However, generating fees or commissions controls the lending process, not common sense.

It’s also an “immediate gratification” society and people just “have” to keep up with the Joneses, no matter what the cost. Borrowers cannot control their impulses.

It’s a recipe for disaster.

]]> By: Austin Real Estatehttp://www.tucsonazrealestateblog.com/tucson-real-estate/tucson-it-is-way-past-time-to-get-real-with-personal-finances/comment-page-1/#comment-57 Austin Real Estate Sat, 01 Sep 2007 07:06:51 +0000 http://www.tucsonazrealestateblog.com/tucson-real-estate/tucson-it-is-way-past-time-to-get-real-with-personal-finances/#comment-57 I don't really know what the answer is. People just keep wanting to buy stuff they can't really afford. Its unfortunely somehow becoming almost part of our culture. When I was in school I worked and avoided trips so I would not have to come out of college with a lot of debt on my shoulders. I don’t really know what the answer is. People just keep wanting to buy stuff they can’t really afford. Its unfortunely somehow becoming almost part of our culture. When I was in school I worked and avoided trips so I would not have to come out of college with a lot of debt on my shoulders.

]]> By: Malokhttp://www.tucsonazrealestateblog.com/tucson-real-estate/tucson-it-is-way-past-time-to-get-real-with-personal-finances/comment-page-1/#comment-46 Malok Mon, 27 Aug 2007 21:09:35 +0000 http://www.tucsonazrealestateblog.com/tucson-real-estate/tucson-it-is-way-past-time-to-get-real-with-personal-finances/#comment-46 Spot on article! The days of "zero down, no payments for XX months" needs to be taken out of the vocabulary for most people. Get back to the basics of buying what you can afford, rather than buying - and relying on appreciation to build equity in your real estate investment. Spot on article! The days of “zero down, no payments for XX months” needs to be taken out of the vocabulary for most people. Get back to the basics of buying what you can afford, rather than buying – and relying on appreciation to build equity in your real estate investment.

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