Small Town Indiana

Dangerous Optimism in Homebuilders

I'm short on CTX. Reality is writedowns or writeoffs are not done. Problem is, when a bank writes off $$ on a foreclosed home, when the home does finally sell at below market value (inventory turns count in all sectors), they will write up their bottom line with the $$ received. One thing NO ONE seems to be caring about is that even if these people were in over their heads and trying to "live the American dream", they are still people that have lost their homes. I'm sick of the big boys getting all the breaks and not giving two shits about the people that keep them in their "fat and happy" state of euphoria. I personally know of 3 people in 3 different states (Indiana, Mississippi and Wyoming) that have lost jobs they've held for a few years and can't find work and are now in the process of losing their homes. I too will be in that situation if I don't secure work in the near future. Being educated has only meant I'm over qualified and $10/hr won't pay the mortgage. I don't want to see the whole economy crash, but I do want corporate America to learn they're not the "sacred cow" they pretend to be and their CEO's are not worth the billions they're paid.