I still think the bulk of the problem is simple human greed. Not just the greed inherent in these giant investment companies, but the greed inherent in most of "the little guys". Sometime over the course of my life, the average Joe has lost respect for "the home". So they started buying houses not with the idea of creating, and maintaining, and keeping a home, but with the idea of making an "investment". Making an investment implies that one is going to sell out at some unspecified time down the road with the intent of making profit. So, instead of buying a "home", they bought an investment with the idea of losing it at some point and taking a risk that they were going to make money on the loss of what could have been a home.
Now people are reaping what they have sewn. The harvest just isn't what they banked on it being. They bought with the intent of being sellouts, and they are being sold out. What goes around comes around.
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Now people are reaping what they have sewn. The harvest just isn't what they banked on it being. They bought with the intent of being sellouts, and they are being sold out. What goes around comes around.
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“Trouble rather the tiger in his lair than the sage among his books. For to you kingdoms and their armies are things mighty and enduring, but to him they are but toys of the moment, to be overturned with the flick of a finger.”
― Gordon R. Dickson, Tactics of Mistake
― Gordon R. Dickson, Tactics of Mistake