Comments | firni: Get out your hankies

firni

Get out your hankies

Apr 01, 2008 09:14

Careers vanish after subprime 'free fall'

Kent and Mysti Cope were well-paid executives at subprime lenders who never thought the industry could disappear overnight. Now they're just trying to get by.

( more after the cut )

lame linkage, this is not the post you're looking for, durr, it's the economy stupid, idiots, commentlessfest, corporate douchebaggery

Comments 18

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firni April 1 2008, 17:04:07 UTC

It makes me wonder if the author of the article put that stuff in there on purpose. You know, to rile people up. PEOPLE LIKE MEEEEEEEEEEEEEEEEEEEEEEEEEEE

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Thread 11

sclerotic_rings April 1 2008, 17:16:10 UTC

That's like the story on the front cover of the Wall Street Journal this morning about the douchebags who can't afford to retire at 59 because they can't sell their $400,000 homes for what they paid for them. My little nanobot violin has been working overtime for their terrible, terrible plight, because they just can't afford to take a loss on their McMansions if they're going to dump the old manse and move to Arizona.

firni April 1 2008, 18:13:11 UTC

That home equity line of credit was a great move, too. I'm wondering if the couple in this story got THEMSELVES one of those subprime loans to buy their "dream home with a view of the Pacific".

llachglin April 2 2008, 00:08:50 UTC

Well, $400K isn't that much for a house these days. The median house price in King County is barely under $400K right now. The average (mean) is even higher, at just under $480K. My house, a modest 1959 single-story rambler in what I'd call a lower middle-class neighborhood, is valued between $300 and $400k.

McMansions are more likely to be in the $700-800K range, and up. Or maybe you meant those houses should only be worth $400K, in which case you might have a point.

firni April 2 2008, 00:30:11 UTC

He's in Texas, and $400K buys a lot of house down there.

Thread 5

smeehrrr April 1 2008, 17:58:04 UTC

I like that neither one of them considered "get a real job" as a solution to "we have no money". "I know, I'll go get a real estate license in the dumpiest real estate market in years, and you go start a risky Internet business selling crap! That's sure to work!"

firni April 1 2008, 18:11:37 UTC

But they made CUTBACKS and now they actually eat LEFTOVERS. CAN'T YOU FEEL THEIR PAIN?

txtriffidranch April 1 2008, 18:17:57 UTC

Unless those leftovers are lawn cuttings, I have no sympathy at all. Their "desperately clinging to survival" is my "pretty damn good night at home".

firni April 2 2008, 00:30:36 UTC

That makes two of us.

Thread 5