The new smart financial move is walking away

[SD Realtor]

Actually to me 4plexs comments are the best comments. Nobody forced anyone to buy anything.

Yeah I would agree about the business decision part of what Dave wrote.

However it should be prefaced with, if I made a freeking idiotic stupid business decision to buy something I could barely afford, get into an assinine loan, and pray to god for continued unrealistic appreciation, to justify this stupid business decision, then I will be fine. However walking away from this dipwad move is justified because after all business is business.

Walking away because of hardship, injury, job loss etc to me is another story.

[DWCAP]

I agree with Davelj as well, but put slightly different blaime percentages on it. I feel he forgot the rest of the RE industry’s culpability in it all. The builders and agents and associated persons/groups who blitzed people with advertising and all the happy talk of ‘investments’. The appraisers who gave out-of-this-world values that enabled the loans. The newspapers who bend their headlines over for their advertisers. There are more associated with the industry, but you all know who they are.

Anyways just to make it easy I would say 30% Industry, 30% Lenders/banks/Wall Street and 40% borrowers. I give the extra 10% to the borrowers because none of it happens without their signature on the bottom line.

But like dave said; if they wanna be angry, that person in the mirror is first in line.

[DWCAP]

I agree with Davelj as well, but put slightly different blaime percentages on it. I feel he forgot the rest of the RE industry’s culpability in it all. The builders and agents and associated persons/groups who blitzed people with advertising and all the happy talk of ‘investments’. The appraisers who gave out-of-this-world values that enabled the loans. The newspapers who bend their headlines over for their advertisers. There are more associated with the industry, but you all know who they are.

Anyways just to make it easy I would say 30% Industry, 30% Lenders/banks/Wall Street and 40% borrowers. I give the extra 10% to the borrowers because none of it happens without their signature on the bottom line.

But like dave said; if they wanna be angry, that person in the mirror is first in line.

[DWCAP]

I agree with Davelj as well, but put slightly different blaime percentages on it. I feel he forgot the rest of the RE industry’s culpability in it all. The builders and agents and associated persons/groups who blitzed people with advertising and all the happy talk of ‘investments’. The appraisers who gave out-of-this-world values that enabled the loans. The newspapers who bend their headlines over for their advertisers. There are more associated with the industry, but you all know who they are.

Anyways just to make it easy I would say 30% Industry, 30% Lenders/banks/Wall Street and 40% borrowers. I give the extra 10% to the borrowers because none of it happens without their signature on the bottom line.

But like dave said; if they wanna be angry, that person in the mirror is first in line.

[DWCAP]

I agree with Davelj as well, but put slightly different blaime percentages on it. I feel he forgot the rest of the RE industry’s culpability in it all. The builders and agents and associated persons/groups who blitzed people with advertising and all the happy talk of ‘investments’. The appraisers who gave out-of-this-world values that enabled the loans. The newspapers who bend their headlines over for their advertisers. There are more associated with the industry, but you all know who they are.

Anyways just to make it easy I would say 30% Industry, 30% Lenders/banks/Wall Street and 40% borrowers. I give the extra 10% to the borrowers because none of it happens without their signature on the bottom line.

But like dave said; if they wanna be angry, that person in the mirror is first in line.

[DWCAP]

I agree with Davelj as well, but put slightly different blaime percentages on it. I feel he forgot the rest of the RE industry’s culpability in it all. The builders and agents and associated persons/groups who blitzed people with advertising and all the happy talk of ‘investments’. The appraisers who gave out-of-this-world values that enabled the loans. The newspapers who bend their headlines over for their advertisers. There are more associated with the industry, but you all know who they are.

Anyways just to make it easy I would say 30% Industry, 30% Lenders/banks/Wall Street and 40% borrowers. I give the extra 10% to the borrowers because none of it happens without their signature on the bottom line.

But like dave said; if they wanna be angry, that person in the mirror is first in line.

[sdrealtor]

Sorry but this is beginning to sound a little like Sid Ceasar’s plan to divide the loot in “It’s a Mad, Mad, Mad World”.

[sdrealtor]

Sorry but this is beginning to sound a little like Sid Ceasar’s plan to divide the loot in “It’s a Mad, Mad, Mad World”.

[sdrealtor]

Sorry but this is beginning to sound a little like Sid Ceasar’s plan to divide the loot in “It’s a Mad, Mad, Mad World”.

[sdrealtor]

Sorry but this is beginning to sound a little like Sid Ceasar’s plan to divide the loot in “It’s a Mad, Mad, Mad World”.

[sdrealtor]

Sorry but this is beginning to sound a little like Sid Ceasar’s plan to divide the loot in “It’s a Mad, Mad, Mad World”.

[briansd1]

I actually don’t blame anyone. The “system” encouraged such behavior. It’s the animal survival-of-the-fittest behavior of the jungle/savanna.

People (buyers, banks, intermediaries) saw the upside and not the downside. The downside becomes someone else’s problem.

I don’t blame anyone for taking the no-lose-no-skin-in-the-game deals.

We need to let the system evolve and rectify itself. It all works out in the end, if we let it.

[briansd1]

I actually don’t blame anyone. The “system” encouraged such behavior. It’s the animal survival-of-the-fittest behavior of the jungle/savanna.

People (buyers, banks, intermediaries) saw the upside and not the downside. The downside becomes someone else’s problem.

I don’t blame anyone for taking the no-lose-no-skin-in-the-game deals.

We need to let the system evolve and rectify itself. It all works out in the end, if we let it.

[briansd1]

I actually don’t blame anyone. The “system” encouraged such behavior. It’s the animal survival-of-the-fittest behavior of the jungle/savanna.

People (buyers, banks, intermediaries) saw the upside and not the downside. The downside becomes someone else’s problem.

I don’t blame anyone for taking the no-lose-no-skin-in-the-game deals.

We need to let the system evolve and rectify itself. It all works out in the end, if we let it.

[briansd1]

I actually don’t blame anyone. The “system” encouraged such behavior. It’s the animal survival-of-the-fittest behavior of the jungle/savanna.

People (buyers, banks, intermediaries) saw the upside and not the downside. The downside becomes someone else’s problem.

I don’t blame anyone for taking the no-lose-no-skin-in-the-game deals.

We need to let the system evolve and rectify itself. It all works out in the end, if we let it.

[Author]

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