RECENTLY ON TOL:
- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
I'm hearing people who are getting $70K forgivness gifts from the banks (and hoping this gift is not taxable), paying off credit card debt with the money they are no longer paying on their loans (while getting free rent for 7 months) ...
What about the other side of the story. For example, we live in Central Oregon as well. Both of us have jobs paying less than $15 per hour with no benefits. We are raising a child. Yet we are making our payments fine.
The result of this deleveraging is interest rates near zero. The scrimper and savers are bearing the burden of all of the financial irresponsibility.
posted 2 years, 10 months ago
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