[quote=justsayin1964]what makes think they were educated?
I am thinking (and I am sure I will be attacked for that) that most buyers didn’t know what they were getting into- that doesn’t dissolve them of responsibility but it does explain why so many were foreclosed on or are underwater now. They just didn’t know.
I think that where most are angry is that they didn’t know that 3 or 4 or 5 of their nieghbors (who lied about income or had less than worthy credit)will lose thier house to foreclosure within a couple of years and bring down the value in their neighborhood. (which would have never been that high with out those liars or credit challenged buyers)[/quote]
Well the first person they cited was a 66 year old Psychologist and the last person was a Marketing Professor. I think that makes them educated…
