Letters to the Editor
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Downward spiral= new yoga position?
Yesterday, flying next to man who consults. In town to consult with US manufacturer of vinyl bathtubs. CO has shut down one plant already and needs to shut down more. Guy was here to "help". Discussion touched on people who got loans that shouldn't, I said, it was a Vicious cycle, as obviously NO ONE, including the bathtub manufacturer, lumber industry, contractors, mortgage brokers, banks, Home Depot, Lowes, appliance dealers etc NO ONE wanted to say STOP...
So, don't just blame the folks that should have waited, you had the MEDIA shouting how much homes were going up, how you should get in now...TV shows showing Fix Flips...making tons of money...WHY wouldn't someone not want to get in before they could never get in again income vs housing costs.
Puleeze.
YOu live in a bubble, guy who lives where houses still sell "fast".
Shoot, we have a presznit who said to SHOP...after 9/11, NOT save and grow slowly or wisely.