Thanks world! Things are not looking good... The housing market is in CRISIS.
To me this is sort of a valubale lesson in kharma. Selling sub prime mortgages to people that can not nearly afford it and making them think they can is wrong. People were taken advantage of in a BAD way. This is wrong. Becoming more rich by taking advantage of the middle class and lower middle class is WRONG.
It is sad because even though the very rich are feeling it now its those families just scrapping by that are going to feel and are feeling the brunt of it. It is not right to dangle the "American dream" in front of people's face and say this can all be yours. Give them the means to think they can have it then rip it away. EVIL.
To me this is sort of a valubale lesson in kharma. Selling sub prime mortgages to people that can not nearly afford it and making them think they can is wrong. People were taken advantage of in a BAD way. This is wrong. Becoming more rich by taking advantage of the middle class and lower middle class is WRONG.
It is sad because even though the very rich are feeling it now its those families just scrapping by that are going to feel and are feeling the brunt of it. It is not right to dangle the "American dream" in front of people's face and say this can all be yours. Give them the means to think they can have it then rip it away. EVIL.
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