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FIND YOUR DREAM HOME OR APARTMENT
Why do some people moan about losing their homes? When they could not afford them in the first place. there is a time to buy, like now.... Just an observation.
This is false (that very few could foresee the drop in homes). It was predicted and lamented WIDELY for 4 years prior. It is just that greedy banks lured in lower end wage earners to overextend themselves with tasty mortgages. Now, in the American Way, people like to find excuses why they are victims, instead of owning their plight in some way. If you bought a house blindly without proper marker research beforehand (and then would find out how close you were to that eventual free-fall), then shame on you, not "few could predict it. Let us stop all the denial. I went upside down a quarter mil - and I knew it would come, I "owned" my responsibility for taking a risk in the market, and ensured all that I had the capability to take the chance. Subsequently, when I had to lose a quarter million to sell and move to a new job, I owned that, and did not contribute to the "dump on the system" option of short sales or default/foreclosure. I took out deep debts to protect the system and others rather than blame and take what I could for me.
If others acted responsibly, stopped blaming a mythical big bank brother and own their future, the market would not have dived nearly so badly. Alas, thank the paradigm of the "people" foremost - that's the American Idol way...
my 2 cents...
KL
