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Stock Market Crash of 2008
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Quote:Then after a few years when the builder stops building with exception to newly bought lots, the county tax appraiser comes around and says....Ohhhh this subdivision didn't bring the expected amount of sales, so now your $500K home is only worth $XXX,XXX k and now the owners are upside down in their mortgage and stuck with zero equity and owe more on the home than they can ever get out of it... And this is very much the same problem we've created with college tuition. Government subsidy inflates price above value and most people are getting 30 years for financial slavery out of the bargain. “An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato
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The Jungle is self-supported by showing advertisements via Google Adsense.
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