Who is to Blame?

We all know that the economy has not fully recovered. Most of us know that the real estate market was out of control leading to the problems we are now dealing with. But who is to blame?

I think we are all to blame. The banks and brokers are the people who are most to blame, but home buyers deserve some of the blame as well. The Queen and I recognized that the market was out of control. We believed that home prices were artificially high and that the market could not support the prices for very long. Now, we all know that is what happened.

I now know several people who have either lost their homes or are going to lose their homes. Out of all of them, I only know of one of them that have lost their home because of a job loss. All of the others have just decided that they do not want to pay for their home any longer. They feel like if other people are able to walk away from their homes that they should be able to as well.

I guess I am old fashioned, but I believe that I signed the home loan documents so I should be responsible for paying the load back. My home is not worth what I owe at this point, but I am not in very bad shape. It is really close because we waited until we thought the market had adjusted properly. We miscalculated a bit, but I can live with it.

The problem with our society is that nobody wants to accept responsibility for themselves. There is always someone else to blame. We just need to accept our choices and take responsibility for our actions. Why are you bad America?