RECENTLY ON TOL:
- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
"Shame on the avg guy for being a victim right? Shame on them because they just HAD to "get in", lol."
I must not have communicated that well. The "average guy" stopped being the norm is my point. Enter the late 90s - 2000s, and everyone assumed appreciation was a birth right, especially those that bought near the top.
There isn't an acquaintance I have that didn't tell me how much they were "making" on their house and that now was a great time to buy. (I had to find an online blog of people like me to check my sanity) Very few of them had a strategy that kept them in that house for more than 5 years. If the average Joe assumed he would make money just by signing a piece of paper, then yes, shame on him. I couldn't agree more with you on the perp walks for bankers...but just about every loan-owner I know was playing the game too...
posted 2 years, 2 months ago
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