All of the people who are taking advantage of these things when they don't need it at all are causing great harm to our markets, one way or another. If it's all "forgiven" at the end, or just tacked onto the end of the loan, then that's a fat load of shit and terrible for all the honest people who kept paying. If it's not forgiven and they are expected to come up with large amounts all at once, that will also send markets into a tailspin. I don't really have an issue with people doing these things when they really needed the help and it was a situation out of their control. But MANY people are basically just not paying and socking away the money instead... I'll admit I won't be sad if those types of people get what's coming to them.
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Anyone who goes into forebearance or doesn't pay their rent even though they can just because they know they wont get evicted is an idiot and will pay the price later. But yes if they all get kicked out/foreclosed at once it can cause the housing market to spiral. At least it will make room for people who aren't pieces of shit to be able to afford a place. If you plan on selling, now/soon is a good time
There are people doing this though... not paying just because they know they can get away with not paying... or taking forbearance even though they don't need it.
Yea, and they are stupid
They are stupid. I just wish I knew what was going to happen to them at the end of all this.