Housing mess hurts single women the most-- of course

Submitted by Matt on Sat, 2008-08-30 23:42

Article here. Excerpt:

'While the real-estate market was expanding, single women benefited as never before. But when the boom went bust, guess which segment was among the biggest losers.
...
Over the past decade or so, single women have become a major force in the housing market. The proportion of single female homebuyers climbed from 14% in 1995 to 22% last year, according to the National Association of Realtors. And by 2010, single women will make up about 28% of homeowners, Fannie Mae estimates.

But those gains haven't come without a price. Several studies have shown that women -- and women of color, in particular -- are more likely than men to be targets of subprime and predatory lenders, and that many of the women who have lost their homes to foreclosure could have qualified for lower-cost loans. And although there are no data comparing foreclosure rates between men and women, subprime loans have a higher rate of default. So with foreclosures soaring, experts say women are at particular risk of losing their homes.'

I guess single men can just go diddle themselves if they are in the same boat. Yes, let's forgive all loans to women who bet badly (correction: were misled by others, probably men) on the housing market but let all the men suffer the consequences of their ill-advised decisions.

You see, there's always a solution!

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OKay, so I have this right: when women default on their financial obligations due to a weak economy causing job loss, sky rocketing housing food and fuel costs... they deserve gov't programs to intervene and assist them.
But when men default on their financial obligations (ie child support) for EXACTLY THE SAME REASONS... they deserve public persecution and derision, as well as rigid law enforcement, prosecution and incarceration in debtors prisons.
Do I have that right?
Gunner Retired

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Submitted by Gunner Retired on Sun, 2008-08-31 00:55

Targets of predatory lenders? Predatory lenders *prey* upon people who have gotten to a point where they have no choice but to take credit.
No one *needs* to buy a house.
And if they could have qualified for lower-interest loans, why didn't they take them?
Either women are too stupid to manage their finances properly or this story is spun...or both.
More likely to be targets of predatory lenders or more likely to be taken in by them?

Talk about creating a story that doesn't exist.

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Submitted by Scottie on Sun, 2008-08-31 01:37

Women cannot make rational financial decisions. Women cannot rationally plan their future. Women are less effective workers than men. In short: WOMEN ARE ECONOMICALLY INEFFECTIVE.

The coming economic crisis will put women just on the place they deserve. Because if you continually waste your money on someone without any return, sooner or later you will be out of money. No alternatives.

----------------------------------------------------
Single men is the only social group benefited from feminism. Article here.

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Submitted by nbdspcl on Sun, 2008-08-31 06:32

That is the name of the game.
Blame the man - no matter what!!

oregon dad

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Submitted by oregon dad on Tue, 2008-09-02 03:01