Quote:
Originally Posted by MetaMan
didnt you notice they were giving "poor people" jumbo loans over the past 4-5 years or did you miss the memo?
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No, they didn't give poor people a jumbo loan. Jumbo loans aren't covered by Fanny Mae or Freddy Mac. You have to meet a LOT of criteria to get one.
What they did was give out a shit ton of loans that most anybody CAN get. But they put them in homes that were out of their reach. But hell...with the prices of homes a couple of years ago, they were all out of reach for a regular working guy.
And you're 100% right about being "great" because of what you do (not how much money you have). But for most people (not talking about folks who inherited money), the money you make and the things you own are the direct result of how much ass you kick at what you do.
So yeah...I COULD see a multi-millionaire walking around in rags and not "bragging" because he's eccentric. But I've never seen a poor person driving around in a nice car and living in a 5,000 square foot home lounging in his pool (unless he's "newly" poor and just lost everything and on his way to eviction).
I think that the people who inherit money and come from "old" money like that are the ones who don't brag or show off. It's just natural to them.
But most people like me who busted ass to make it happen? I'm proud of my accomplishments. Especially in this kind of business where I'm working alone in my office with nobody to slap me on the back and say "good job".
So yeah, it does feel kinda good to have people say "Nice car!" or "I love your house". I know, it sound dumb and shallow (it is), but I'm only human.