Saturday, September 1, 2007

The Mortgage bail out revisited (UPDATED)

1. Flippers and investors buy homes as investments and drive prices up
2. Families like John doe are not able to afford a home anymore, so
a) They give up their American Dream of owning their own home and rent
b) They buy a home they can't afford helped by the "Suzanne researched it" crowd
3. Wallstreet and the corrupt mortgage industry help them a hand.
Realtors and mortgage brokers received their commission.
4. And now the government will bail those people out.
Go Figure

DOUGH!

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