I agree 100%. This is simply econ 101. Buy LOW and Sell HIGH. The pre-2007 Jan 4 homebuyers did not do their math and did not consider the margin of safety to buy a house at the high price.
Pardee should have the freedom to charge WHATEVER they want to sell their property!!!
Potential Homebuyers should have the freedom to buy at WHATEVER cost they are willing to pay!!!
If a car saleman charge you 2 millions for a used 1988 Volkwagon and you think it’s a good deal and you bought it. WHO TO BLAME? The uneducated “You” or the smart saleman?!
Darwinism 101: The educated ones avoid the bubble, the dumb ones run right into it because of greed and fear. Nothing more, nothing less.
No more sub-prime, homeowners (homedebtors) protection plan, PLEASE. This is against common sense to punish the educated savers and reward the greedy flippers/debtors/bubble dreamers.
