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View Diary: 2002-2009: Appraisal Fraud:  Check Maps and Charts (29 comments)

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  •  Bubbles don't happen by accident . . . (4+ / 0-)

    they happen because of neglect of the basic "rules" of economics.  But "something for nothing" always has great appeal, and "buy now, cash in on the boom, you can't lose" trapped a lot of poor souls who should have known better.  How many times did you hear "wealth creation" and "the new economy" and "everyone's doing it" ? ? ?

    Fake Left, Drive Right . . . not my idea of a Democrat . . .

    by Deward Hastings on Mon Oct 18, 2010 at 08:24:57 AM PDT

    •  Please, do not blame Jon and Jane Doe (7+ / 0-)

      home buyer, they were the victims in all of this.

      10.2.10 March On Washington ROCKED http://www.onenationworkingtogether.org/pages/march-details

      by War on Error on Mon Oct 18, 2010 at 08:28:22 AM PDT

      [ Parent ]

      •  But John and Jane Were A Big... (1+ / 0-)
        Recommended by:
        War on Error

        part of the problem.

        Most of the people that made bad deals did not hire their own attorney to handle their closing.  A good real estate attorney that works for "You" is essential when buying a house.

        A good attorney would never have let a person buy a home with bad appraisals without informing the client of the risks.

        •  The affordable attorneys are not always that (0+ / 0-)

          good.

          Jon and Jane don't have an attorney friend.

          And the good attys are expensive and ....well, you know.

          10.2.10 March On Washington ROCKED http://www.onenationworkingtogether.org/pages/march-details

          by War on Error on Mon Oct 18, 2010 at 01:33:37 PM PDT

          [ Parent ]

          •  More Expensive Than... (1+ / 0-)
            Recommended by:
            War on Error

            losing $100,000+ on house value and messing up your credit?

            I know that if you are going to commit to an expensive purchase you shouldn't plan on the other guy making sure you are getting a good deal.

            •  Well, I know that and you know that (0+ / 0-)

              But John and Jane Doe thought their State and Federal governments had their backs.  They were wrong.

              The sheep had not protections from the wolves.

              And they still don't, sadly.

              10.2.10 March On Washington ROCKED http://www.onenationworkingtogether.org/pages/march-details

              by War on Error on Tue Oct 19, 2010 at 10:44:32 AM PDT

              [ Parent ]

              •  The State And Federal Government... (0+ / 0-)

                shouldn't be making decisions for us on buying anything whether it is houses, cars, or marijuana.

                Before I buy a used car I have my mechanic look it over so that I can make an informed decision.  A lawyer does the same thing for real estate.

                Do you want the government to make sure that you buy the right type of marijuana? If I don't get the buzz I want, I don't plan on blaming the government.  Same goes for buying a house.  If I buy a house with no down payment and the payment is 50% of my income, I also shouldn't blame the government.

                If your complaint is that people that broke the law were not prosecuted, I agree.  However, I think that a big reason that prosecutions were so limited is that once they started investigating and filing charges, many buyers as well as mortgage brokers and appraisers would have been prosecuted.  Fraud by buyers was unacceptably high.

      •  Why shouldn't he? (1+ / 0-)
        Recommended by:
        War on Error

        after all, he blames Jews for anti-semitism:

        "It is a horrible question" (2+ / 12-)

        Recommended by:
           greenskeeper, Joe Johnson
        Hidden by:
           Paul in Berkeley, livosh1, JNEREBEL, DemocraticLuntz, blueness, zemblan, Aunt Martha, Nailbanger, unspeakable, hikerbiker, sorenScostanza, canadian gal

           We find ourselves supporting policies that if done to us would be outrageous.

        It has long been thus . . . that there are different "rules" for the treatment of Jews and Gentiles has been codified into Jewish law and culture for a long, long, time.  And that has been the "breeding ground" of anti-Semitism among the Gentiles . . . it is the essential cause of anti-Semitism . . . which then in turn is used to justify . . . "different rules" . . .

        Vicious circle, eh?

           We wanted them to live in peace with us, to allow us to comeback and create something where we had a historical memory.

        No, actually.  While that may have been the wish of some it was clearly not the wish of many, nor was it a perspective reflected in the "founding precept" of Israel . . .  a "Jewish State", for Jews only (with a few of "them" (maybe 15%?) permitted to remain to mop the floors and clean the toilets).  You know . . . the "a land without a people for a people without a land" thing (which dominates Zionist thinking to this day).  To the Palestinian eye it’s an old story . . . a land full of "Gentiles" (them) is a "land without people" to the (European) Jews.  And should they object then it’s "anti-Semitism", which "justifies" driving them from the land . . .

           The settlements should not exist but, at the same time what about the forces that would toss all Jews out of Israel?

        Before Zionism there were Jews in Palestine (about 11% of the population) and no one was trying to toss them out.  From the beginning of the "conflict" it was Palestinian Gentiles who were being "tossed out" to make room for immigrant Jews (and they are still "tossed out" . . . in refugee camps across the region).

        Fake Left, Drive Right . . . not my idea of a Democrat . . .

        by Deward Hastings on Wed Oct 07, 2009 at 11:34:05 AM PDT

        His comments should be hide-rated on sight.

        In loving memory: Sophie, June 1, 1993-January 17, 2005. My huckleberry friend.

        by Paul in Berkeley on Mon Oct 18, 2010 at 09:46:46 PM PDT

        [ Parent ]

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