[quote=scaredycat]isnt it kinda weird to think of the movie stereotype of the big bad bank repossessing the widow’s house? Isn’t that the stereotype that lingers all these years? Wouldn’t it be hilarious to try to explain to someone from way in the past how it is actually in the banks interest not to take the house back! It is difficult to even conceive how this is right. What’s even odder is the general decay when people leave. we saw a place we liked, went back, and there was water damage the 2nd time. no one was living there. total bummer. i saw another place today with 4 acres of grapefruit orchards. the mogul whose place it was ran short of cash and the agricultural water was shut off months ago. the orchard’s alive because of the heavy rains. but jeepers, i bet this short sale takes a long time, the orchard dies, the bank sits on the million dolalr asset, and the whole place rots. i suppose it was a series of rational moves that got the system to this place, but add it all up, and , weird. i try to talk about this with my mom sometimes, no interest in financial issues, and she’s smart but she cannot grasp how all this can be happening. her financial mindset is still 1931-1932, and she somehow passed that on to me, so she instinctively has a sense that things fall apart, but she cannot beleive people are just sitting around not paying on their houses and banks liek this.[/quote]
It really does defy logic. (feeling like I’m Spock in some financial Star Trek episode)
