08-26-2011, 05:33 PM
(08-26-2011, 05:29 PM)BlueTiki Wrote:(08-26-2011, 05:10 PM)Cracker Wrote: Tiki, I just honestly feel the lending industry didn't live up to their end of the contract. They inflated the prices on purpose to get money from people.
The lending industry inflated home prices and not market demand?
Really?
Or are you talking derivatives and not home valuation?
I'm talking fucked up appraisal/lending practices so they could charge the newly-able-to-qualify more money for a subprime loan. It fucked everybody that bought in the last 12 years. The houses on my street are about ten years old. They are valued less than the original purchase prices. Can you call all the people who live here and pay their mortgage stupid? I just can't.
This can't be the first you've heard of the concept.