The Dems will be blamed for all of this, but there's plenty of blame to go around. Have you seen the home prices in California (which is, I believe, the most populous state in the nation)? When a six-figure earning consultant cannot afford a home that doesn't have the sound of gunfire ringing around its perimeter, there is clearly something wrong with this picture.
The American consumer who doesn't read their mortgage contract and who thinks they should be in a 650K home when making 50K a year is also accountable for this mess. So does the real estate agent and the bank employee who pushes through loans without verifying income. So does the "house flipper" who slaps some paint and a new carpet into a run-down shack and asks to make a 1,000% profit ... as does the dolts who shell out their cash for said shack.
The Dems will be blamed for all of this, but there's plenty of blame to go around. Have you seen the home prices in California (which is, I believe, the most populous state in the nation)? When a six-figure earning consultant cannot afford a home that doesn't have the sound of gunfire ringing around its perimeter, there is clearly something wrong with this picture.
ReplyDeleteThe American consumer who doesn't read their mortgage contract and who thinks they should be in a 650K home when making 50K a year is also accountable for this mess. So does the real estate agent and the bank employee who pushes through loans without verifying income. So does the "house flipper" who slaps some paint and a new carpet into a run-down shack and asks to make a 1,000% profit ... as does the dolts who shell out their cash for said shack.
James writes:
ReplyDelete"So does the real estate agent and the bank employee who pushes through loans without verifying income."
Why should businesses be responsible for this?