Stop kidding yourself Vertigo. Most people came to Piggington because they could not afford to buy a HOME without having to take out an unsafe loan.
These are people with good incomes… priced out. Some San Diego natives – priced out of their own hometowns! Out of frustration they started looking for answers and found them here.
Yes, I guess you could call me a vulture for waiting with my cash to buy a place. But I wait in upstate NY where I moved because I could only afford the lifestyle I wanted here. I wait freezing my a$$ off.
Turns out that although chilly, life here is pretty, pretty, pretty good, and i like raising my kids here – so now I wait to buy a vacation place only in SanDiego – which, yes, I will rent out during the year… but I do so with money saved by making an enormous personal sacrifice.
People who took out adjustable rate loans based on their fantasy that real estate always goes up are the real “greedy” ones you should be spewing your venom at. They are the cause of this – along with their mortgage “professionals”.
Get an education Vertigo and you wont find yourself in such a stage of nausea ever again… You too could avoid the pitfalls of the “too good to be true” offers which land people in trouble eventually.
