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Real Estate
Reply to "moving into our new home, purchased as a foreclosure. feeling weird."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]"For those of you feel sorry that the previous owner of your house lost their house due to bad luck, bad financial decision, or they are not white, etc, why did you buy a foreclosed or short sale ? There are plenty of other houses on the market for you to purchase. You are greedy and heartless when you decided to look the houses and knowing other families were hurt badly." Maybe that is why I feel guilty ;) and maybe your memory doesn't run as long as mine. We bought a foreclosure because in the neighborhood we wanted, almost all the sales were foreclosures. It was 2008- we signed days before Lehman Brothers collapsed and foreclosures were EVERYWHERE. As it was, we were constantly putting in contracts against 5-6 investors and this one we happened to get. Either you bought a bad flip or a foreclosure at that time. The fact is that we are "poor" by DC standards, but because we are white, we had access to college and understood how credit works and we were taught how to use and save money. We could rush into the market while everyone was jumping out. The hispanic people who owned our house before us did not have those tools. They also took out a huge loan to add on to the house and that is what tanked it for them. They may have been okay if they stuck with their original loan. I feel sad for the family (We still get their mail btw) because I had the ability to take advantage of the system and they did not. However, this is the system that we all have to work within. I would think the "heartless and greedy" you refer to would be the investors who did the same thing, but only to make a profit. [/quote] Now I understand why the blacks hate the white so much. It is the white people like you who suck blood out of poor people and feel good about your victory. I wish you sleep tight. Demon and karma will follow you and your off spings for generation. [/quote] No, look at this https://www.zerohedge.com/news/couple-lives-13-million-4900-square-foot-home-five-years-without-making-single-mortgage-payment[/quote]
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