To: ronnie raygun
The are so many reasons we are in the position we are in. Republicans, Democrats, black, white, jew, christian, buyer, seller...EVERYBODY HAD A PART IN THIS DEBACLE.
Four years ago I sold my home in San Diego for almost double what it was worth, to people who couldn't afford it, brought to me by a broker who overpriced it, aided by an appraiser he went to college with and a bank wanting the business...you tell me...WHO IS TO BLAME? At that time I knew, meaning lots of people knew, this house of cards was going to fall. But everyone wanted their piece of the pie...well...here it is folks...
31 posted on
09/24/2008 5:19:34 PM PDT by
Hildy
("We do not see things as they are. We see things as we are.")
To: Hildy
Great point, hope this boost the fiscal conservatives into power in a big way
35 posted on
09/24/2008 5:50:41 PM PDT by
Son House
(Palin, Has The Left Press Wailing! [MSNBC, ABC, CBS, CNN, New York Times,...])
To: Hildy
At that time I knew, meaning lots of people knew, this house of cards was going to fall.
I thought it would happen 20 years ago
37 posted on
09/24/2008 5:58:30 PM PDT by
uncbob
To: Hildy
Its the “Blue State Real Estate” bubble.
NY NJ CT CA MA, and the speculator state for these Blue Staters, FL.
Not all 57 states caused this, but all 57 states will pay for it.
41 posted on
09/24/2008 7:22:40 PM PDT by
PA-RIVER
To: Hildy
Four years ago I sold my home in San Diego for almost double what it was worth, to people who couldn't afford it, brought to me by a broker who overpriced it, aided by an appraiser he went to college with and a bank wanting the business...you tell me...WHO IS TO BLAME? At that time I knew, meaning lots of people knew, this house of cards was going to fall. But everyone wanted their piece of the pie...well...here it is folks...
EXACTLY!!! I have a cousin living outside of Stockton. Bought his house for $200,000. A few years later, the house was worth $600,000. I told him at the time (which was also about 3-4 years ago) to sell the house and move to different city or state where the same size house on the same or bigger size lot would be around $250,000, buy THAT house outright and pocket the remaining profit.
Well, he didn't follow my advice and the last time I talked to him, many of his neighbors had to foreclose and going selling prices for homes around him are back to right around $200,000.
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