I put much of the blame on the predatory lending practices by mortgage brokers and banks who bought and sold their paper for mortgages. These practices were set up by the Congress and allowed the middle man to prosper at the expense of the transaction, a lot of people got rich off of these practices and they are gone in thin air. The rest of us are paying for the mistakes. More often I think, unlike your neighbor, many buyers have a huge responsibility for the blame for this as well. They were like deer in the head lights. Staring at something they could never afford, guided by greed, or the attempt to leap ahead, and aided by lack of government regulation and greedy lenders. It's a mess that we still may not recover from. (IMHO)
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Anyone but the this most fuked up President in History in 2012!
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