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Real Estate
Reply to "What I don't get: When people complain that they are drowning because their house is underwater"
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[quote=Anonymous][quote=Anonymous]it is the bank's fault. They loaned the money and didn't turn down the people that couldn't afford and also rated mortgages as non risky when they were a risk. So what happened was prices went down because everyone defaulted who should never have gotten the loan to being with, increasing the inventory and driving down prices. FUCK THE BANKS, too big to fail my ass I want them all to fail.[/quote] Banks were definitely greedy as hell, and knew they struck gold with creative financing. But come one, you're telling me that people are just ignorant of their finances? They were being greedy as well. Both parties were at fault.[/quote]
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