Quote:
Originally Posted by Donfoolio
Dude that's foul stuff. I am close to loosing my home from this stupid mortgage industry so I would never want to leech off of someones misfortune like that 
Before I stepped in to this situation these con men had already swindled my family into 250k of debt. It's a sad thing and not to be trifled with, karma exists.  |
So, you're saying, if you saw a bargain-priced home on the market and had the means to pick it up, you wouldn't?
I understand the problems with the mortgage industry, but there were also a lot of people who went with no-interest loans and ARMs and didn't plan ahead for when those things ballooned up. There were a lot of speculators too. Some made a fortune and some lost their asses.
It's no different than the stockmarket at times...if someone buys low and manages to sell high, the guy who bought high is probably going to get fucked. Is that his own fault if things crash?
I actually have a friend who's picking up foreclosed properties and renting them back to the people who are in foreclosure so they can keep their homes, but would it be wrong for him to try and make a profit from that as well?