Sunday, November 29, 2009
A link to make your head hurt
My favorite gloom-and-doom site, Calculated Risk, is the source of this link about a woman on food stamps buying a house that cost $700k. I keep seeing these stories and understand that the intent is that I should pity the house buyer. I don't wanna seem harsh, but I'm angry at everyone in this business – buyer, appraisers, lenders, Realtors. You name 'em, I'm unhappy with 'em. If the taxpayers of the Republic are expected to bail anyone out of deals like this, then the taxpayers are the souls who deserve pity, and there is something grievously wrong at the top of the heap. I want to read about indictments, trials, long sentences for fraud, not tearjerker stories about lumpenproles deprived of their granite countertops.