Reply #43: Most of us are not lawyers and also, we do not enter into that many long term [View All]

[whistle]

...contractual agreements in our lifetimes, what perhaps three, four homes, maybe an automobile every three to five years, maintenance contracts, credit cards, replacement appliances under warranties. Sure, we should read those agreements, but most people operate under the assumption that they are pretty much all the same and the last automobile purchase agreement I signed stretched out for 10 feet of small print and most other consumer type agreements follow that same kind of format. You just know they are filled with all sorts of legal language which are for the benefit to the seller not protection for the buyer. My last big purchase was my automobile in 2003 and I actually signed my mortgage back when Clinton first took office and made mortgage rates much lower after Bush Sr pulled that same shit in his presidency, back shortly after February-March 1993.

My guess is that under Bush II things have become much worse for buyers and far easier for sellers ands lenders to take advantage of buyers.