Like a lot of people in ridiculous housing markets a couple of years ago, Jeremy Fletcher of Northridge paid way too much for a house in the San Fernando Valley because that was the only way to buy a house just a couple of years ago.
Wasn't it some obnoxious asshole media guy complaining about people who got suckered into these deals (by people like said asshole's friends in the financial gangs) who started this tea party bullshit? Isn't the fault of this housing crisis due to a combination of predatory lending, dishonest realtors, and little government regulation?
Oh, wait. The market is supposed to solve these problems.
"I'm probably carrying this too far, but in late 2007 the only people who thought houses were still going up were -- politely -- not paying attention. "
Or, maybe he was paying attention, but was swayed by a fast talking "expert". Still doesn't excuse him...but I know a few folks in the mortgage industry that got out. They can tell you stories about fast talking bullshit artists that will curl your hair.
My wife I went through this housing crisis selling 2 homes and buying one. I’m too lazy to go into the details but we came out of the mess in financially good shape, mentally not so much. We saw a lot of foreclosed houses in the process many of them trashed by frustrated owners. I also came to the conclusion that Wells Fargo is one very evil corporation.
Wasn't it some obnoxious asshole media guy complaining about people who got suckered into these deals (by people like said asshole's friends in the financial gangs) who started this tea party bullshit? Isn't the fault of this housing crisis due to a combination of predatory lending, dishonest realtors, and little government regulation?
Oh, wait. The market is supposed to solve these problems.
i think you mean rick santelli?
fuck that guy.
Yes, that's the asshat.
"I'm probably carrying this too far, but in late 2007 the only people who thought houses were still going up were -- politely -- not paying attention. "
Or, maybe he was paying attention, but was swayed by a fast talking "expert". Still doesn't excuse him...but I know a few folks in the mortgage industry that got out. They can tell you stories about fast talking bullshit artists that will curl your hair.
My wife I went through this housing crisis selling 2 homes and buying one. I’m too lazy to go into the details but we came out of the mess in financially good shape, mentally not so much. We saw a lot of foreclosed houses in the process many of them trashed by frustrated owners. I also came to the conclusion that Wells Fargo is one very evil corporation.