All of this “help” is based on the idea that people buying from say 2001-2005 were innocent victims.
These buyers screwed me…and a lot of financially responsible readers here, by coming to the auction block with money they didn’t have, and bidding up the prices to insane levels.
Thanks to these bozos, I didn’t buy a house and was forced to sit on the sidelines watching prices go even higher. And even though prices are down to 2004 levels, I wonder if they can roll back to 2000 or so levels and be affordable again–without taking the economy down too.
