Amazing how stacked the real estate industry is against the buyer. Realtors, appraisers, mortgage lenders, lawyers, even home inspectors, sugar-coating the deal to keep it moving forward.... so EVERYONE can get paid.
 Quote:
|
"oh, my flipping/speculation/no money down adventure is over? O.K., I'll just walk away from all this debt and contribute to the crash, since a couple years from now everybody will lend to me again anyway.".
|
In the early 90's I saw/met many bankrupt real estate investors bidding at auctions. Housing could be had for 10 cents on the dollar; cash was king. Having seen the top, the failed investors knew they had to get back in (at the bottom).
Put your seat belts on!
__________________
FIRE'd since 2005
|