[SD Realtor]

Yeah I here ya….It is really really hard for me to sit and keep espousing the benefits of a free market when it is a consistent realization that greed ultimately corrupts and leads to the downfall of that same market.

I don’t know man… doesnt seem like there is any way out… in the utopia that is socialism or communism or whatever “the people” never really had it well. In that same vein, there were those privileged few. Seems the same way with our free market as well.

Like I said… no easy answers my friend. My wife and I have done the same thing with our reps as well.

[SD Realtor]

Yeah I here ya….It is really really hard for me to sit and keep espousing the benefits of a free market when it is a consistent realization that greed ultimately corrupts and leads to the downfall of that same market.

I don’t know man… doesnt seem like there is any way out… in the utopia that is socialism or communism or whatever “the people” never really had it well. In that same vein, there were those privileged few. Seems the same way with our free market as well.

Like I said… no easy answers my friend. My wife and I have done the same thing with our reps as well.

[SD Realtor]

Yeah I here ya….It is really really hard for me to sit and keep espousing the benefits of a free market when it is a consistent realization that greed ultimately corrupts and leads to the downfall of that same market.

I don’t know man… doesnt seem like there is any way out… in the utopia that is socialism or communism or whatever “the people” never really had it well. In that same vein, there were those privileged few. Seems the same way with our free market as well.

Like I said… no easy answers my friend. My wife and I have done the same thing with our reps as well.

[SD Realtor]

Yeah I here ya….It is really really hard for me to sit and keep espousing the benefits of a free market when it is a consistent realization that greed ultimately corrupts and leads to the downfall of that same market.

I don’t know man… doesnt seem like there is any way out… in the utopia that is socialism or communism or whatever “the people” never really had it well. In that same vein, there were those privileged few. Seems the same way with our free market as well.

Like I said… no easy answers my friend. My wife and I have done the same thing with our reps as well.

[SD Realtor]

Well I guess we just agree to disagree. However there are flippers out there, alot of them. They are purchasing homes at trustee sale and reselling them. Personally I see nothing wrong with what they are doing. As for what has happened in the past, I guess I do not distinguish from flippers, speculators, people who could not afford a home but were qualified for them, or even the people who can afford a home and are choosing to walk away.

The biggest problem as we both agree was incompetence in the underwriting process, lending guidelines, fraudulent ratings of the securitized instruments, on and on we go right? To pick out speculation and flipping as a component of the equation, that if removed, would have prevented this situation, is just not an opinion I share. However it is only an opinion and I don’t have raw data to sift through to see what fraction are speculation or not. Off the top of my head I would be willing to bet ya a dime that there were just as many dodo homeowners that ATMd there home as there were speculators. No statistics but just a guess.

Anyways I see lots and lots of people at trustee sales making money… I believe it is only a temporary thing but it is happening. Also I see alot of investment clubs and syndicates taking investors and pooling money, buying homes and making money. What about someone like Ramsey Su? He is an investor.

I guess I do not view the flippers as any more of a scourge then all of the other suspects.

[SD Realtor]

Well I guess we just agree to disagree. However there are flippers out there, alot of them. They are purchasing homes at trustee sale and reselling them. Personally I see nothing wrong with what they are doing. As for what has happened in the past, I guess I do not distinguish from flippers, speculators, people who could not afford a home but were qualified for them, or even the people who can afford a home and are choosing to walk away.

The biggest problem as we both agree was incompetence in the underwriting process, lending guidelines, fraudulent ratings of the securitized instruments, on and on we go right? To pick out speculation and flipping as a component of the equation, that if removed, would have prevented this situation, is just not an opinion I share. However it is only an opinion and I don’t have raw data to sift through to see what fraction are speculation or not. Off the top of my head I would be willing to bet ya a dime that there were just as many dodo homeowners that ATMd there home as there were speculators. No statistics but just a guess.

Anyways I see lots and lots of people at trustee sales making money… I believe it is only a temporary thing but it is happening. Also I see alot of investment clubs and syndicates taking investors and pooling money, buying homes and making money. What about someone like Ramsey Su? He is an investor.

I guess I do not view the flippers as any more of a scourge then all of the other suspects.

[SD Realtor]

Well I guess we just agree to disagree. However there are flippers out there, alot of them. They are purchasing homes at trustee sale and reselling them. Personally I see nothing wrong with what they are doing. As for what has happened in the past, I guess I do not distinguish from flippers, speculators, people who could not afford a home but were qualified for them, or even the people who can afford a home and are choosing to walk away.

The biggest problem as we both agree was incompetence in the underwriting process, lending guidelines, fraudulent ratings of the securitized instruments, on and on we go right? To pick out speculation and flipping as a component of the equation, that if removed, would have prevented this situation, is just not an opinion I share. However it is only an opinion and I don’t have raw data to sift through to see what fraction are speculation or not. Off the top of my head I would be willing to bet ya a dime that there were just as many dodo homeowners that ATMd there home as there were speculators. No statistics but just a guess.

Anyways I see lots and lots of people at trustee sales making money… I believe it is only a temporary thing but it is happening. Also I see alot of investment clubs and syndicates taking investors and pooling money, buying homes and making money. What about someone like Ramsey Su? He is an investor.

I guess I do not view the flippers as any more of a scourge then all of the other suspects.

[SD Realtor]

Well I guess we just agree to disagree. However there are flippers out there, alot of them. They are purchasing homes at trustee sale and reselling them. Personally I see nothing wrong with what they are doing. As for what has happened in the past, I guess I do not distinguish from flippers, speculators, people who could not afford a home but were qualified for them, or even the people who can afford a home and are choosing to walk away.

The biggest problem as we both agree was incompetence in the underwriting process, lending guidelines, fraudulent ratings of the securitized instruments, on and on we go right? To pick out speculation and flipping as a component of the equation, that if removed, would have prevented this situation, is just not an opinion I share. However it is only an opinion and I don’t have raw data to sift through to see what fraction are speculation or not. Off the top of my head I would be willing to bet ya a dime that there were just as many dodo homeowners that ATMd there home as there were speculators. No statistics but just a guess.

Anyways I see lots and lots of people at trustee sales making money… I believe it is only a temporary thing but it is happening. Also I see alot of investment clubs and syndicates taking investors and pooling money, buying homes and making money. What about someone like Ramsey Su? He is an investor.

I guess I do not view the flippers as any more of a scourge then all of the other suspects.

[SD Realtor]

Well I guess we just agree to disagree. However there are flippers out there, alot of them. They are purchasing homes at trustee sale and reselling them. Personally I see nothing wrong with what they are doing. As for what has happened in the past, I guess I do not distinguish from flippers, speculators, people who could not afford a home but were qualified for them, or even the people who can afford a home and are choosing to walk away.

The biggest problem as we both agree was incompetence in the underwriting process, lending guidelines, fraudulent ratings of the securitized instruments, on and on we go right? To pick out speculation and flipping as a component of the equation, that if removed, would have prevented this situation, is just not an opinion I share. However it is only an opinion and I don’t have raw data to sift through to see what fraction are speculation or not. Off the top of my head I would be willing to bet ya a dime that there were just as many dodo homeowners that ATMd there home as there were speculators. No statistics but just a guess.

Anyways I see lots and lots of people at trustee sales making money… I believe it is only a temporary thing but it is happening. Also I see alot of investment clubs and syndicates taking investors and pooling money, buying homes and making money. What about someone like Ramsey Su? He is an investor.

I guess I do not view the flippers as any more of a scourge then all of the other suspects.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

If you cannot “afford” another loss then repurchasing is not a great idea. You have a few options… stick it out… sell at a loss and rent…. sell at a loss and rebuy… or maybe just walk away from your mortgage and rent…

It is a tough dilema… Right now times are better then 2007 but to think there will not be rough times ahead is a fallacy. It may not be for awhile but they will come.

[Author]

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