Bugs, I made up the stories, but they are based on actual events. The perky lady spent her home equity on breast implants. The examples show how people have been spending their home equity.
I spoke with a realtor yesterday who was teling me the huge price drops over at 4S Ranch. He said the homes have dropped several hundred K, and blames the high Mello-Roos. Maybe I should change the 650K to 750K?
“are screwed” or “got screwed”, you’re right that I should have put more responsibility on the lenders. I bet the lawsuits on this will be huge! Bigger than asbestos… We’re going to find out the disclosure documents were not up to par.
Well, you can all have fun trashing my post, but I am just analyzing what I see, and providing some posts to a forum that has lost a little steam going into September.
