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NotCranky.
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March 17, 2010 at 12:15 PM #527772March 17, 2010 at 12:31 PM #526846
DWCAP
ParticipantI 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.
March 17, 2010 at 12:31 PM #526978DWCAP
ParticipantI 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.
March 17, 2010 at 12:31 PM #527426DWCAP
ParticipantI 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.
March 17, 2010 at 12:31 PM #527523DWCAP
ParticipantI 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.
March 17, 2010 at 12:31 PM #527782DWCAP
ParticipantI 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.
March 17, 2010 at 12:35 PM #526851sdrealtor
ParticipantSorry 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”.
March 17, 2010 at 12:35 PM #526983sdrealtor
ParticipantSorry 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”.
March 17, 2010 at 12:35 PM #527431sdrealtor
ParticipantSorry 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”.
March 17, 2010 at 12:35 PM #527528sdrealtor
ParticipantSorry 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”.
March 17, 2010 at 12:35 PM #527787sdrealtor
ParticipantSorry 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”.
March 17, 2010 at 12:38 PM #526856briansd1
GuestI 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.
March 17, 2010 at 12:38 PM #526988briansd1
GuestI 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.
March 17, 2010 at 12:38 PM #527436briansd1
GuestI 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.
March 17, 2010 at 12:38 PM #527533briansd1
GuestI 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.
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