Is high level of mortgage foreclosure indicative of

[dobbinscorey]

peoples desire to make $ over building strong communities? The real estate agents got theirs, the apraisers got theirs, title companies got theirs, developers got theirs, contractors got theirs, the stock market got a major boost. All types of opertunists got theirs in the big real estate boom but what about the people who are convinced that they can afford what they ultamately can't afford just to support the folks that cash in on a boom like this. We need to foster stronger communities and wiser choices, not foster stupidity that justifies exploitation.
they don't teach it so that they can maintain superority and so that they can say that the people that get into that mess deserve it. People used to care about their communities. Now all people do is look for new ways to make money and so schools parks and communities all cut into the money that buisnesses can make off of people for selling those services insted.
There is a huge problem with people that seek instant gratifacation. But there is an even bigger problem with people that exploit this flaw. If you take a look around the vast majority of pshcology is no longer being invested in creating a strong community but insted being invested in convincing people to make the mistakes that others can take advantage of.

[bob]

People are dumb and greedy, and thought a "bigger fool" will come along the next year and pay 20/30/40% more than they paid, so they bought in, HA HA HA HA...

[Carl P]

there are two problems that you will need to teach people to overcome to solve this.

one is the pay now pay later crap that the PR people have been shoving down peoples faces for 40 years or more. It is a hard hole to dig out of in the best of times.

two is the school systems have failed. This is simple math applied to simple Home econmics. If schools would teach people real life and simple econmics facts, they would understand that any balloon rate is a trap, inflation is accroos the board - just cause you may get a 5% raise, big deal the cost of everything -everywhere is going to slowing go up. The 5% is not a real figure after the raise.

Simple math - simple econmics and how to budget are not that hard to teach. why is it not done?

[I Love Key West]

No, it's because some people are so into instant gratification that they don't use their head and simple math skills to figure out the consequences of their actions.

People have free will, and that includes the absolute right to make stupid decisions that have negative consequences.