Real estate blog entries tagged with bailout by Jennifer Monastero (Polaris Funding Group)

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Home : Blogs : Jennifer Monastero : Jen's Brain. For Sale. CHEAP. : Tag "bailout"

bailout: Repost: How can we make sure this never happens again? - 11/17/08 05:29 PM

One thing I have picked up on the Zillow discussion boards is that there is a huge amount of resentment towards consumers who bought into the frenzied 'must act now! prices are skyrocketing, don't get left behind!' marketing ploys. Some of that anger is not misplaced- after all, without the all-too-willing consumer, we would not be in the pickle we are in!
I met people along my winding road in the business who absolutely, positively were abusing the privilege of owning a home. People cashed-out their equity once a year to 'consolidate' their debt. From 2002 to 2005, people refinanced as … (6 comments)

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Jennifer Monastero

Danbury, CT

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Polaris Funding Group

Cell Phone: (917) 340-9113

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Whatever I think about, I write about. Sometimes, it even makes sense!

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