Submitted by lostkitty:
“As someone yelled on another thread about hoping all the people from other states would just get foreclosed on and “go home!”, this may very well happen to some of these foreigners, but is this the way we want to interact with the world?
Talk about a lack of morals… the mortgage industry needs some serious disciplining, and the average US citizen needs some cross-cutural sensitivity training.”

One day Japan’s culturally promoted “honor” system, which is what likely helped you there, may succumb to the seedy culture of greed that has plaqued the real estate market now. We are exporting our current eroded version of “freedom” and one of its beliefs is to “Do anything and whatever is required to conveniently benefit myself.”

Aside from that…bankers/brokers and realtors should be legally held to a professional standard that does not allow them sneaky ways to harm people by ripping-them-off. Without these laws, they apparently will operate with the same values as a thief.

The average US citizen is trying to live a decent life on an average income and survive. Most Americans are not CEOs & CFOs who make disproportionately huge salaries and bonuses. http://www.aflcio.org/corporatewatch/paywatch. God help us if the average American is like those corporate leeches.