Quote:
Originally Posted by Patch Tuesday  You guys always forget the old "all we have to do is buy this house and two years from now we're going to sell it for 100-200k more than we're paying for it now" motivational factor...
The Housing Bubble was no different than lottery tickets for the poor, except it gave them a place to live in addition to the gamble...
But just like scratch-off tickets, they're now throwing away these loser houses... |
Well, and the tickets don't have an inherent value. It's just money lost.
These were bad business deals. Does that mean if I gamble that a stock is going to go up, and it goes down, and most people who bought it were middle class males that I can claim the company targeted middle class males and cheated us?
It's just dumb.