blamethebigguy

Foreclosures Have Peaked and It's Time To Buy? Not So Fast

Can't blame agents. They're job is to make money. Just like mine is and sharks are carnivores. Idiots who bought into ridiculous loan products -- they're to blame, but their being stuck with a lone 150% of the value of their property will be their just dessert. The blame is on Greenspan for keeping interest rates low and the blame is on the entire chain of the mortgage industry/community. This includes the loan origniators, the repurchasers of the loan, the creators of the SIVs and the idiots who purchased these SIVs --- but those idiots, at Citi and the other houses - should have known better. Well done on getting out Goldman Sachs. 3 cheers. And no, realtors should not be offended because someone advises their client base that this is not a good time to buy. Duh.