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not_a_snob

I think appraisers did the same thing years ago by overestimating home prices. It would have been nice if they had gone a little on the low side 5 years ago when I had to pay my ex half. Ha! :p

good point lenny_v... unless the reporter's information is incorrect

No kidding! I'm sure HR big wigs got their share before they even went on sale, as well as holding back many for high rollers. Seems really unfair.

I don't know that I would refer to them as stupid. Perhaps misinformed and they definitely used poor judgment. I don't fully blame the purchasers. The ones who handed them a phony golden ticket should be ashamed.

Everybody has an opinion on the subject. I only hope that people give this new administration's plan time to work (if it's going to). This problem wasn't created in a year or even two - so getting it back on track is going to take some time :)

When huge manufacturing companies started shipping jobs overseas to cut their costs is when they cut off their nose to spite their face. Greedy CEO's continue to rake in the big bucks while people like you and I face losing our jobs, our homes. Wall Street took our pension money and ran. Now we're stuck bailing them out but "some people" don't think it's right to help the little guy. Oh, and please don't get me started on farming. It astounds me that government pay farmers NOT to farm.

People buying the over-priced houses didn't cause the housing bubble - greedy mortgage companies and banks (along with realtors who made a bundle) did that all on their own. Luring in potential homebuyers who they knew shouldn't have been given a mortgage in the first place.

BOFTX, I could go on and on but it's clear that you and I are not on the same wave length. I truly hope that your future is secure; your home, your job, your retirement. Best of luck to ALL of us.