"They Bought More Than They Could Afford"-- OH SURE . . . BLAME THE HOME OWNER

An interesting read this afternoon:  A post about an agent who does not sugar coat, gloss over, but knows the facts and is direct with her local market (which has lost 30% of value, overall.)

In a comment I read: " . . . there are no short sales [in a particular area] because people do not buy more than they can afford . . ."

 

Shhhhh . . . I have a little secret.  Promise not to tell??

 

MOST PEOPLE BOUGHT WITHIN THEIR BUDGET!

MOST PEOPLE DID NOT BUY MORE THAN THEY COULD AFFORD!

Through no fault of their own . . . they might have got STUCK with a home that they paid for FAIR & SQUARE, that WAS within their means, and now . . .

The cavaliar mention that "there are no short sales" here because people didn't buy more than they could afford . .. all I can say is . . . JUST WAIT!

It's called "trickle down property loss" (I made that up). It will affect your neighborhood, if it hasn't hit already!

Just wait.  And it the meantime . . . STOP IT!!

STOP BLAMING PEOPLE THAT 'BOUGHT MORE THAN THEY COULD AFFORD' --because in reality, they did not. 

I contend, and believe, the MAJORITY of people bought fair and square -- which is why their loans were manipulated.  The subprime stinker dog loans were slipped in and repackaged -- with the MARJORITY of good loans, from good buyers.

Hmmm . . . one Bad Apple ACTUALLY does spoil the whole bunch!

WHO THE HELL KNEW THAT THE HOUSING MARKET WAS GOING TO GET SUCKED INTO THE BLACK HOLE created by the Banksers?   Who KNEW THE VORTEX OF A FALTERING FINANCIAL FIASCO (I like alliteratives) would suck in homeowners??

STOP BLAMING PEOPLE who, last time I checked, BOUGHT A HOUSE THROUGH THE USE OF A REALTOR®

Did any of you say to your clients:  "Hmmmm . . . I think you're buying more house than you can afford" two years ago?

 

 

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~ Representing Buyers Since 1999 ~

Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor®

Principal Broker/Owner
EBAPortland, LLC
YOUR Exclusive Buyer's Agent

(503) 810-7192 / Carla@CarlaHomes.com

CHECK OUT www.EBAPortland.com for Home Buyer TIPS! 

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