At one point in time, this sort of thing use to tick me off.
And then I’m reminded that there are vast majority of others for which it didn’t pan out this way for them. So for every corner case we see for which irresponsible people slipped through and “got away with it”, we’ve seen a majority of others for which did not get away with it. And it is from the vast majority of others that did lose their homes or did force to sell short, they created a great opportunity for me to buy at really low prices more than once.
So at least for me, I think it evens out.
There will always be irresponsible people in this country. And no matter how responsible you think others should be or want others to be, you have no control over that. That said, wait for the next financial mishap (when/if that happens) and then it evens out.
Quoting a wise realtor friend.
“At this point, it’s not whether you won or lost this game…It’s really about how much more you wanted to win by…”
An interesting perspective…And a good reason why I sleep well at night.
