To: antceecee
I fully intend to scoop up some real estate when over-leveraged people have to sell low. The whole "buy low, sell high" thing really does work. Nobody is forcing people into interest only, ARM's, or reverse mortgages. Just like nobody forces people to purchase stocks or bonds. People get to do the research, or pay somebody to do the research. Just like the speculators on oil are going to get burned, some people get burned from being greedy or stupid. If that brings misery to people, who made their own decisions without a gun to their head, it is really too bad. Do not misunderstand this for condoning illicit behavior or scams. But I do not see how real estate lending is a scam. I have closed two deals this year, and there are dozens of pages of "truth in lending". Anyone that does not use a reputable agent and title company is setting themselves up. IMHO.
To: ARealMothersSonForever
You remind me of a hyena waiting for the lions to finish their work on a freshly killed carcass... I would wish you good luck, but profitting off the misery of others is a sin in my book, sorry. I realise that thisv is my value system not yours.
34 posted on
04/19/2006 11:10:43 PM PDT by
antceecee
(Hey AG Gonzales! ENFORCE IMMIGRATION LAWS NOW!!!)
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