If you go to Las Vegas, walk up to a table and place a bet – don’t you assume that the other players/and or dealer are playing by the same rules you are?
Maybe you will make money, maybe you won’t – but you assume it’s at least a level playing field going in, right?
If you loose money, then 5 minutes later you learn the game was rigged and fraudulent, would you want your money back? I suspect so…
There’s really no difference when it comes to Real Estate IMO. Many laws were broken by many scum bags. I assumed laws were being enforced for example: lying on a mortgage application is fraud, appraisers committed fraud along with their accomplice dirtball realtors. Mortgage brokers committed fraud on a wide scale basis. Wall Street brokers committed fraud as did the rating agencies.
The list goes on and on – I probably don’t know the half of what lies were told.
