08-10-2007, 03:45 PM
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Marijuana EXPERT
Mr. Ganja
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Join Date: Nov 2006
Location: North of mexico and south of Canada
Posts: 12,692
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Quote:
Originally Posted by 7xstall
couldn't have said it better myself!!
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Here's the real crime. The Housing speculators (Read real estate agents) artificially bumped the price of houses up so their commissions would be larger, IE 3% of 600K is more then 3% of 300K. My house that I did absolutely nothing to except a paint job and a new roof and a few maintenance projects, trippled in price in 5 years once the California Real estate speculators moved in to Vegas and drove the prices up. People like VI will tell you it was the low interest rates that made prices go up, Bullshit, it was the agents that told their clients to list their homes for 20K more than the last one sold then told the buyers they were getting a bargain while sitting on a few houses they bought for cheap, crooks to the bone. What is sad, is the ones that bought in last. A friend in the Air force bought in last year in central Ca. for 450K, that house is now not sellable @ 300K and his payment keeps going up. I'm sure he is going to lose it. Granted the loan speculators added fuel to the fire, but everyone wants to be part of the American dream, and they aren't all lawyers when it comes to reading contracts.
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