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Yes, but...
Posted by vvk (more from vvk) on Thu, 21 Jul 2011 17:51:54
In Reply to: Re: Are prices down to NORMAL? Maybe!!, John Myers, Thu, 21 Jul 2011 08:06:39
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It is easy to blame the bank or the government. However, I have seen plenty of irresponsible people doing amazingly reckless things. Buying houses they can't afford, leasing expensive luxury cars, buying up electronics, etc. Yes, they were doing it because they could (were allowed to). But they never stopped to think if they should. I was living in a one bedroom apartment with my wife, driving an old SAAB. People around me, making half I was making, were living in McMansions and driving Lexuses, talking on their expensive cell phones, taking expensive vacations. Maxing out their credit cards and using their homes as ATMs.
Who is to blame? I say ordinary people are to blame. Not banks, not the government.
posted by 173.49.13...
Posts in this Thread:
- Look at the third picture of the house I just gave up., John Myers, Wed, 20 Jul 2011 21:09:37
- Saab Certified, nice!, Boston Baab, Thu, 21 Jul 2011 05:39:35
- Trying again, John Myers, Wed, 20 Jul 2011 21:11:00
- Re: Trying again, TML , Thu, 21 Jul 2011 01:04:47
- Pity the rest of the world, Reality, Thu, 21 Jul 2011 08:45:41
- Re: Trying again, John Myers, Thu, 21 Jul 2011 07:57:41
- house prices in US are so cheap!, sab, Thu, 21 Jul 2011 03:29:39
- Not in San Diego, Mike Lynch , Thu, 21 Jul 2011 11:24:45
- Re: house prices in US are so cheap!, Les_H, Thu, 21 Jul 2011 06:57:42
- Depends on location, Noel, Thu, 21 Jul 2011 06:11:58
- Re: house prices in US are so cheap!, EGD , Thu, 21 Jul 2011 05:36:17
- Re: Trying again, Justin VanAbrahams , Wed, 20 Jul 2011 21:34:03
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