I think your anger against people who are profiting from the real estate bubble is misplaced. I for one am glad that we live in a free market economy where people are responsible for their own decisions and free to profit or loss money based on their own free will.
I’m happy that London is able to make $500K in two years and am even envious of all these San Diego flippers who bought over 4 years ago. I certainly wish I had bought a lot of real estate 4 years ago, but I had no idea the market would run.
He certainly isn’t “screwing” anybody. Anybody who buys the condo is doing it of their own free will and they are “screwing” themselves. Its time people own up and take some personal responsability for their actions. We fought a 40 year cold war to defeat communisim, but judging from some of the comments I hear about people always blaming someone for their own problems, you’d think California is trying to become a communist state.
