Quote:
Originally Posted by KSUViolet06
^^^ Agreed.
At the end of the day, no one FORCES you to buy a house. I feel like there were some people who wanted to be homeowners so badly that they didn't look at whether the offered mortgage was something they could realistically afford.
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And there's a certain percentage, especially I think when you look at the top foreclosure counties that Munchkin notes, that were investment properties or attempts to flip properties for money. People didn't expect that they'd get stuck owning the properties long term.
Not to mention the straight up fraud that was also taking place with people colluding to drive prices up with straw buyers who never intended to actually own; they were just part of a scam. Some neighborhoods in Atlanta apparently had more of these "sales" than they had actual sales.
But all of these affect genuine owners in the same area.
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