There are several ways:
- The damage is really done during the ride up - but it's only recognized once you start down.
- Once you're launched, it's really, really hard to see how it's going to end well.
- And if you don't know what's coming at the end, the ride up can be pretty exhilarating.
1 comment:
I came here via a comment you left at Robert Reich's blog. I like the way you countered Robert's point by declaring 'let the victims of foreclosure become renters so housing prices can fall to normal levels.'
I was lucky to purchase a townhouse back in 1999 and my mortgage is less than local rent. But I can't upgrade to a home with property because of the unbelievable cost of homes (I'm in NJ).
If it wasn't so sad, waiting for the outcome of this mess would be like watching a nail-biting thriller.
Hawa from
Fackin Truth Blog
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